RE:RE:RE:RE:AGM back onThe arbitration hearing has taken place and the results should come back in a few months. It appears that RIO doesn't think it has certain obligations under the JV (due to lack of formal execution) that they have been taking advantage of for years. Given the massive gap between ETGs market valuation and the mineral valuation -- for a project near production on the HNE -- I just don't understand why RIO doesn't make a decent offer.
I guess they figure that the arbitration is a no lose for them. If it goes well, all the better, and if it goes badly, they are in the same place they started with, with an added finger pointing at them to exert best efforts to get ETG under the IA.