RE:OREA Release - Legal action?While we are speculating here’s another. Would France simply move to seize Mordashov/NG Montagne D’Or asset as an oligarchy confiscation? $4.5 bill valuation gone using an ‘acceptable’ procedure apparently in today’s world.
For Mordashov it’s a pocket change loss at sunken costs of around US$50 mill’ over the last 6 years or so and with today's envronment he is unlikley to challenge.
In fact, recognize, France is dealing with a private company and again, apparently oligarch asset seizure is on today’s main menu. No court challenge by shareholders as there are no public shareholders to be 'damaged’ with NG. Again, Mordashov walks away with minimal past losses. Macron is hailed as the great environmentalist and Russian opposer with his April French elections coming up.
Further, will France then pay ‘damages’ to OREA to walk away? (e.g., 1% US$35 mill to 10% 350 mill). Or, might France with CAD seize the NG Pistol Bay gold project and give this to OREA as compensation for Montage d’Or; again, no shareholder injury?
Minimal Loss – Win - Win?
GLTA -
https://twitter.com/EarthsRare Oh, by the way, does this also qualify as a ‘depressing and miserable’ speculation? BG we await your reasoned analysis.