RTG 10.0% 2.2¢ rtg mining inc.

There are always rumors about the JV partner, mostly negative...

  1. 136 Posts.
    There are always rumors about the JV partner, mostly negative press
    But he is resilient, to say the least
    During the campaign, the President has vilified him and when the President won,
    the general sentiment was that it was only a matter of time before his operations were shut down

    Fast forward to 9 months later and the circus of the mining audits, and he is still operating
    Gina Lopez actually heaped praises at his operations in the DENR hearings, and on national TV
    Not many operations who can carry that distinction

    The whole country is full of stories and rumors
    There are already a number of cases filed on the dispute
    As with all disputes, there are always at least 2 sides to this story
    Doesnt matter what the stories are, what matters is what the courts say
    For that, I am afraid that it will be a long haul
    In the Philippine courts, both parties can stretch this out for some time

    For reference, a business dispute between Lepanto Mining and NM Rothschild and sons started in 2005
    and it took 6 years till 2011 just to decide which jurisdiction and which parties have an interest in the case.
    I dont think that a final decision has been made yet on the actual dispute of the case, the offtake agreement between both parties.
    I believe that will take some more time

    In this case, one of the 2 parties will win, but when it is going to be, I cant even venture a guess
    Winning in arbitration my be at hand, enforcement can also be another
    It sucks, but it is what it is
 
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