Stans Energy Corp V.HRE.H

RE:RE:Some questions to consider

[Kaliahk]

Mrstockguy, I would expect them to make a large claim, including for all the lost profits they think they would have realized had the mine been allowed to proceed. But just because they may a big claim, does not translate into an expectation that they would receive it. As I stated, in my opinion it is likely that the award will be based upon the actual dollars and cents invested in the Kyrg mine rather than some pie in the sky claim that Stans would have made a bunch of money had they been allowed to proceed. I do not recall where I had seen it, and I may be misremembering what the number represented, but IIRC that number was something like $28 million. Keep in mind that the convention was for the protection of investors in Kyrg, which is Stans, not Stans shareholders, so the damages are those suffered by Stans for lost investment, not for the lost investment of its shareholders. So in my admittedly uninformed opinion, the size of the claim that Stans may make has little to do with the amount it may ultimately recover. I have not seen the motion they made for a further freeze on the Centerra shares, but if it is awarded (which I would doubt at least without some large binding requirement) and assuming the current freeze on Centerra sharers is not to announce a JV and surrender of the shares by Kyrg, it is possible that it will give us an idea of what the Canadian court may think is the likely recovery on Stans claims.