Eco Oro Minerals Corp GYSLF

@ the Bell: TSX reaches 3-week high

[Jonathon Brown]

The TSX climbed to its highest in three weeks as investors raised bets around a U.S. Fed rate cut after last’s week soft payrolls data. read article.

[sailor8]

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

[MacBook]

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

[NaturalCurrency]

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

[MacBook]

the tribunal ruled EOM claims could not be characterized as being in the paramo since the gov't failed to formalize any Paramo boundries .... Aris / Mubabala are the big winners of this ruling

[sailor8]

Colombia's mining sector braces for change with proposed reforms Bnamericas Published: Friday, May 03, 2024 In the coming months, the Colombian government will send a bill to congress

[ACE223]

I expect a three way deal soon enough  similar cases like Barrick in Pakistan worked out in the and sometimes it takes what it took here to arrive at a positive outcome . I can't see the

[sailor8]

Yes, something like 1,2 B US$! Depending when you take the starting date, on which the damages to us happened. The de facto expropiation was executed in several steps, piece by piece by the

[NaturalCurrency]

That's almost $1.2B now...

[Jonathon Brown]

While energy gains propel the TSX, industrials get attention from the EV market and investors navigate another week of mining sector activity. read article.

[sailor8]

"...The Company is seeking US$696 million plus interest at a rate of 6.6 percent per annum, compounded semi-annually, as compensation for damages the Company sustained as a result of Colombia’s

[rdpsims]

If we actually got a decent settlement how would we be compensated? Like would our stocks be bought out or the price raised in the stock accounts. Confusing  

[sailor8]

Fully agree with MacBook. See also my former posting: https://stockhouse.com/companies/bullboard/c.eom/eco-oro-minerals-corp?postid=35971584 If the ICSID makes it too cheap for Colombia, they

[MacBook]

To all here $675M seems like a steal We could have had a clean world class mine up and running selling into $2.5K gold by now. Even more, the people of region would have gainfully benefited. Let's

[sailor8]

Possible timeline from now, Quote from the ICSID Rules again: Chapter IX: The Award   Rule 58: Timing of the Award

[sailor8]

Quote from the ICSID Rules: "Rule 38: Witnesses and Experts (1) A party intending to rely on evidence given by a witness shall file a written statement by that witness. The statement shall

[GoldenOrb]

Many thanks abcguysh, its been a LONG & stressfu ordeal! We'll hopefully sooner see a final award!