RE:RE:RE:RE:RE:AGM back on Given how these arbitration panels are composed with a nominee from each side, and they together found a Chair they believe would be neutral or favour their nominating party, you wonder how Rio's approach goes down across the board in the business.
Playing hardball with the little partner who brought you into the project, who gave up 80% of their interests, to me it looks very bad on Rio. The mining business is tough but depends a lot (or it certainly did at one time) on handshakes and good faith dealings, especially when it came to juniors getting fair recompense for the major risks they took to find the very rare commercial grade mine.
And I don't think the games played through the TRQ buyout look particularly good for Rio either.
As you say, Aldy, maybe it's a "so what" from Rio, they don't see a downside. This where I find the disclosure very frustrating as we have no disclosure of the specific issues and the relief sought.
Oh well, let's reconvene when copper is $6 and gold $3000 in a few months time (?!!!!!). That may light a fire. And BTW, nothing says both parties can't listen to their lawyer's assessments of how the arbitration hearing went down and continue to negotiate towards a buyout and windup of ETG in the meantime. None of us are getting any younger!
cg