Re: Disputed value?
And no one has a clue as to what is happening at the management level. Lawyers in court are paid to act a certain way before a judge. Strut and puff up the feathers. Use fear and a club as you suggest.
As to the negotiating between the two parties we havenít a clue. How far apart are they? If it was $1/share CDN that would be a BIG deal for you and me. But it would be around $330 million US for Rio. Do you think that they would leave the diamond business for that amount? That is likely a yearís worth of profit from 1 mine. And we know that there is potential for several more on the JV side.
In court Rio proposed a period of 5 months before they would form a JV. This would be after the results are complete. So likely May/June of next year at the earliest. A lot will transpire between now and then. Like examination of that coarse material between 6-25 mm. Who knows what they will pull out of the 10 holes. There could be a game changing surprise or 2.