Strateco Resources Inc SRSIF

Where is the NEWS!!!

[hotginger]

It's been over 3 months since the court date. Hoping for a positive outcome as I kept all of my RRSP shares.....HG

[ChickenSoup]

Because Yves-Francois Blanchette has a major role/responsability in the Strateco saga, it is most likely that a positive decision for the shareholder will be delivered after the federal election.  This is possibly a tactic to lower/reduce any interference between the case and the federal election.  IMO the longer we wait, the better... My two cents...

[hotginger]

Your two cents, make sense. In your opinion, what is a positive decision for shareholders? What type of compensation are we looking at... if any? HG

[ChickenSoup]

Back in the days, I did a few napkin calculations and the final amount was around 0.15$ per share without any legal fees.  I would have to dig out the assumptions but I remember that I considered it on the conservative side. Basicaly, I think that they will compensate as PQ mingled in the BAPE process for strickly political reason.  But, the sharerholders will need to chip in so that

[Unfrancais]

And in the case of compensation, if the government appeals the judgment - does the appeal suspend payment?

[stupidemails]

Sorry don't see the connection to the Federal Election, this is a Provincial matter?

[ChickenSoup]

He went from provincial to federal level of governement.  He is now the leader of the Bloc Quebecois in the federal election: https://en.wikipedia.org/wiki/Yves-Fran%C3%A7ois_Blanchet