RE:RE:RE:RE:RE:RE:RE:News soonDo not think the plaintiff is sophisticated enough to know his remedies rights under NAFTA, meaning it is highly unlikely he will extend his claims beyond Mexico jurisdiction. The problem is that he could enforce (not sure if he's already done so) the judgement against the other Mexican properties and subsidiaries of Exn, especially Cerro Mayo mill which alone has a replacement value over and above the litigation award.
But is this not the management role to explain all that? Instead, Cahhill lied and minimized the potential negative impact of the litigation and now the shareholders are paying the price via 95 percent market value cut.
From previous experience I suspect that Exn will restructure and will reemerge without Platosa, Cerro Mayo, Evolucion, etc. and yet under the same tried and tested stewardship of the same charlatan