RVR 0.00% 21.5¢ red river resources limited

I’ve seen it many times before. The big guys try to bully the...

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  1. 994 Posts.
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    I’ve seen it many times before. The big guys try to bully the little guy inspite of the legal strength of their argument to try and reach a settlement.https://www.australianmining.com.au/news/sedgman-denied-49-9-million-in-costs-dispute-with-heron-resources/

    For something similar that happened recently to another zinc producer look at Heron’s dispute with Sedgman. A fixed price contract to build the mine and Sedgman tried it on to charge them 50M extra - although that was thrown out pretty quickly as they had a contract superintendent for the build (so avoids the courts)

    Now where were Sedgman’s brilliant legal minds on this baseless claim for $50M? CIMIC the parent company of Sedgman has a market cap of $16B.

    Each to their own but I’m certainly not losing too much sleep over this.
 
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