Australia's largest stock trading and investment forum Australia's #1 stock forum

RVR

Click for more information

0.00%

21.5¢ red river resources limited

thrown out? isn't it just in dispute, i haven't seen a market...

First 73 Last

Share
Profile

Follow
redsceptre

5,039 Posts.

42

26/02/19

09:54

Post #: 37567156
Share

Originally posted by Vector: ↑

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.

Expand

thrown out? isn't it just in dispute, i haven't seen a market release saying that one is settled. a party rejecting a claim is different to it being settled, everyone who has worked in business has disputed invoices at time to time

RVR Price at posting: 17.5¢ Sentiment: None Disclosure: Not Held
Upvote

0 Great analysis

Reply

Top Stories

Quit before you're fired: Russia bans uranium exports to USA, duplicating extant US ban

BTH

Bigtincan's Board backs Investcorp offer: Why a NASDAQ listing could be game-changing

US election outcomes: Key economic and market takeaways

PNN

Power gets set for 1000-metre maiden drilling program in Brazil

GRL

To make modern missiles, you need 3D Printing. And in that gold rush, Amaero is selling shovels

There are more pages in this discussion • 9 more messages in this thread...

First 73 Last

Add RVR (ASX) to my watchlist