RE:RE:RE:And Now it BeginsI guess I could have been more clear. They can sole fund for 2 or 3 years and then deal with the judge's decision afer a trial - good or bad.
That being said, they will not wait that long.
Star is a small but everpresent tick in Rio's armpit. Rio does not want a continued joint venture with the parasite that questions their every decision and is not scared to run to court to continually bog down a billion dollar project. Such a situation would always be horrendous for Rio and, importantly, seems oddly pallatable to Star.
The longer Rio waits, the better the chance Star is going to find some way of getting the money they may need - again a nightmare for Rio at this point.
Last, the longer Rio waits, the more legal headache this is. Yes, they have a good chance of winning in the end - I would agree with that - but there is still some legal risk and significant lost opportunity/profit along the way.
Rio will buy for around a dollar (maybe more if they really want Star gone) in the next 4 - 6 months. If Star is really bullheaded and holds out for more, it may take untill next Spring ... but then you'll see a larger payout - like $1.50 - $2.00 in March or April.
Your prediction?