TSXV:HRE.H - Post by User
Comment by
4putton Sep 30, 2015 6:18pm
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Post# 24151173
RE:To 4putt, Yeribe, Pennylane101
RE:To 4putt, Yeribe, Pennylane101joevest
in response to your questions Here is my understanding:
1. There is no plan as I understand it to ask the court to re-freeze Centerra shares per se. Of course if the Ontario Superior Court rules in our favour, I would assume they will automatically ask the courts to re-freeze the shares. The point was made at the AGM that KG is no longer looking to nationalize CG. They hold a whack of shares and trying to liquidate them would not be a prudent move financially on their part. The company expects the CG shares to still be accessible once we win in the courts was my take away.
2. I have no idea what would be available if Centerra shares were unavailable. Ask the company.
3. See Yeribes response.
4. All I can say is that Boris is still actively maintaining and developing potential business prospects. He was quite jovial in describing some of his dealings with Russian bureaucrats. It's a stretch for me to imagine how they would arrange financing for a new venture without a court victory along with a cash settlement except if they sold the company ie our IP
5. I believe today's legal update answers this question. My understanding is the Ontario legal bill will be in 6 figures while a new arbitration bill will be in 7 figures.