RE:RE:RE:No French Court decision I agree, it is possible that as did the Chinese company with the Afghan copper project, Mordashov/ NG may decide to ‘sit on’ Montagne d’Or. This, in the hopes that the next several years will see both a change in Russian French/NATO relations and a less environmentally focused French gov’ arriving that will consider the Russian FG asset for permitting.
However, should we see that approach then I think the following would have had to occur. First, OREA will have failed in their ‘negotiations’ with NG to procure Montagne d’Or. As far as I understand they have until the end of August 2022 to settle this issue with NG, otherwise the US sanction directive kicks in and I don’t know what that then means for this situation.
Second, NG will have had to convinced OREA to take a wait and see approach. They will have shown OREA that their taking NG through the C of Arb, but more likely the French legal system will end in a poor settlement for the CAD company (not worth the years of expense, wrangling and a potentially low-ball award, as the mine itself would be valueless under Macron’s watch - 5 years).
They will also have to convince OREA that the French gov' isn't open to a settlement with either miner.
IMHO, I don’t see OREA accepting this possible stance. Note they have apparently finished with Maripa. Besides NG it seems now OREA also wants out of FG gold exploration.
Their focus will now be on Suriname (hopefully all the DD leads to a new project undertaking). Should this occur I expect OREA to spin off Suriname (like OREA did via old CGT with their then US based projects/AUAU; 1 new AUAU share for every 5 old CGT held – again CGT became OREA).
The Montagne d’Or company share value would be decided by the amount (if any) that OREA was eventually able to generate re., an award/settlement. In other words, OREA would go after NG as any gains here would be valued in the final share price. However, the main focus would be on the new company share price and would be decided by the Suriname drill, etc., results (not encumbered anymore by FG issues).
Regardless, the next two months should be interesting.
GLTA -
https://twitter.com/EarthsRare