RE:RE:RE:RE:RE:No French Court decision PT, I posted earlier about the SC future ruling related to OREA getting compensation for the concession renewal hold up. As I indicated if and whether OREA were to get 45% or now all of this 'delay' compensation, my opinon is that they should use it all to energize the Suriname project. None should be used to pursue NG in the C of Arb (even French court). This is of course should OERA fail to convince NG to give up or reduce their % hold on Montagne d'Or by August 2022.
This negotiation failure would then IMO mean that OREA would have to go after NG in court and that is going to be costly and potentially take years with no certain outcome. Again, better to place all the cost risk with a litigation funder; share with the funder in any settlement that may (or may not) come from Montagne d'Or. Then, hopefully having spun off the Suriname project, again, focus the SC compensation money on moving the new company sp via positive drill results, etc.
Please note that the SC is ruling on renewal of exploation concessions not awarding of any mine permit. Regardless of the SC ruling, again, France/Macron has said 'no' to the mine and he based part of his election bid on having stopped the 'Golden Mountain'.
Yes NG might have put an 8 billion $ value on Montagne d'Or but without a French mine permit it remains just a piece of ground. Only an entity with a very long perspective might be interested if the concessions are renewed and they can out wait Macron (5 Years); hence I cited the Chinese Afghan copper example. However, I don't beleive that OREA has such a long term perspective and this view is only enhanced by their move to leave Maripa; they want out of FG gold exploration. In other words, OREA is reading the tea leaves in FG just as NG did starting with the Montagne d' Or legal action in June 2020.
Therefore, OREA want NG to put them in the 'drivers' seat by enabling OREA to lead any discussions with France regarding a deal for the 'return' of Montgne d'Or, IMHO, for what will be at least sunken costs (combined CGT/OREA/NG around 60 mill+) and an amount for explores time wasted beyond BFS due to Macron's support for the mine project upto 2019, which he openly admits to.
Yes, I also agree that ORA has hired 'sanction' lawyers with a positive view. But, IMO, they beleive they can get this deal with NG done and then potentially an agreement with France over Montagne d'Or.
I would classify all this as reasoned speculation rather than 'spin'. TDSB also presents another perpsective. All arguments should help in investor DD though obviously in the end we are all reponsible for our own successes and errors.
Again, we await an interesting upcoming 2 months.
GLTA - https://twitter.com/EarthsRare