RE:RE:RE:RE:RE:RE:RE:Confirming News Story, Court WinYes, I don’t see another way for OREA to gain some Montagne d’Or value other than via a move with NG.
Any self-directed legal pursuit via the Court of Arbitration would likely be a long-term disaster for shareholders.
However, again, I just don’t know if NG can include the OREA 45% due to legal proceedings already being submitted/ongoing, or because OREA is a CAD company. NG would either have to buy out OREA 45% no doubt at a fire sale, or agree to take over the 45% by using the agreement made years ago not to dilute the OREA holding any lower than 15% if NG paid for the entire mine buildout. This would cost NG basically nothing and would give OREA 15% of any award.
However, then throw in that both Euro Res’ (held by Iamgold) and Sandstorm, both major OREA shareholders also have royalty agreements with OREA re., Montagne d’Or production. How would this impact OREA moves/award?
What if OREA wants now to spinoff Maripa and Suriname to separate the Montagne issue from a new company? How do you spinoff Maripa which is basically dead based on the apparent future of gold exploration in FG and a Suriname project which is still not closed nor likely to have the financing to allow OREA to develop it?
Hence my term OREA as a ‘mess’ and that may be a major understatement.
Maybe there is another left field option and hopefully I am oblivious! Possibly this is what all the present trading is premised on to keep the sp momentum going?
GLTA -
https://twitter.com/EarthsRare