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Bullboard - Stock Discussion Forum Eco Oro Minerals Corp C.EOM

Alternate Symbol(s):  GYSLF

Eco Oro Minerals Corp. is a Canadian precious metals exploration and development company. The Company was focused on the development of the Angostura Project in northeastern Colombia, which consists of the main Angostura deposit and its five satellite prospects. The International Centre for Settlement of Investment Disputes (ICSID) Arbitration Claim became the core focus of the Company.

CSE:EOM - Post Discussion

Eco Oro Minerals Corp > Does anybody know...
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Post by NaturalCurrency on May 04, 2024 9:44pm

Does anybody know...

How long is the timeline from closing of proceedings to final award decision? I think Sailor had some stats, but not sure if it answered that question directly. 

Also, what options does the Government have to appeal, delay paying out etc.

Thanks
Comment by MacBook on May 05, 2024 12:27pm
Natural 120 from date of close with option of additional 90day. There are always grounds for appeal.  Gabriel is looking at their options now. Petro gov't is mired in debt and is further pushing a full on communist spend. No way he can pay off a sizeable award. Aris is telling the market it thinks it will have approal for mining withing next 12 months. So I would say 120d to 1 year ...more  
Comment by sailor8 on May 05, 2024 7:58pm
https://jusmundi.com/en/document/publication/en-closing-of-the-proceedings Contains some interesting information. But at least it seems to be impossible to give a hard answer. Even a reopening of the proceedings is in some cases not excluded.
Comment by rdpsims on May 20, 2024 11:59am
Still no news and all quiet.  Hoping anything happens soon  
Comment by sailor8 on May 20, 2024 8:16pm
At least the rising price of gold is a kind of news published day by day.  Another all time high seems to come soon. Any cheap reward payment (under 1 B US$) results in a greater win for Colombia day by day with this rising gold price. Thus a cheap solution for the Colombians, will encourage other governments to break international agreements and contracts as well. What is not in the ...more  
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