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Infinito Gold Ltd V.IG

Sector: Metals & Mining | Sub-Sector: Industrial Metals & Minerals
Alternate Symbol(s):  IGFFF

Infinito Gold Ltd is a development stage company. The Company is engaged in the acquisition, exploration and development of mineral interests in Costa Rica.
Price: $0.005 | Change: $0.00 | %Change: 0.00%
Volume: 0 | Day High/Low: N/A/N/A | 52 Week High/Low: 0.01/0.005


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0 stars

RE:RE:RE:RE:RE:RE:where can valuation go with a win

Clarification  My previous post should have read that Brigette stern has been appointed as an arbitrator 10 times from the date indicated on the article re conflicts of interest of international...read more
0 stars

RE:RE:RE:RE:RE:where can valuation go with a win

you are correct. Buying now is indeed a bet on winning the case. As I predicted, Costa Rica is now proceeding with a jurisdictional challenge. Their argument being that the case has already been...read more
1 star

RE:RE:RE:RE:where can valuation go with a win

Buying now is a bet on winning the case and clearing all debt and cash rich for a new start. Takes balls to buy lol  rate and reply
5 stars

RE:RE:RE:where can valuation go with a win

If the ICSID determines that Costa Rica's actions were an expropriation of Infinito's concession, it is appropriate for the tribunal to determine a fair market value for the concession. In a recent...read more
1 star

RE:RE:where can valuation go with a win

I really hope they demand 1 billion in damages Gold will be 2500 per ounce by 2016  rate and reply
5 stars

RE:where can valuation go with a win

There will be an initial valuation that will immediately reflect the ICSID's decision. THEN, there is the reality check, Infinito currently is indebted to the note holders for approximately $140...read more
1 star

where can valuation go with a win

Could get interesting perhaps CR will try and make a deal  rate and reply
5 stars

RE:RE:Costa Rica names arbitrator

I should also add that Infinito's appointee to the tribunal is Bernard Hanotiau (Belgium)   Hanotiau was a well-established arbitrator when he co-founded the firm Hanotiau & van den Berg, but has...read more
4 stars

RE:Costa Rica names arbitrator

she is the arbitrator re presenting CR.... The supreme court of CR has stated the IG has to be compensated if mining is disallowed in Cr.. Plus there r many issues.. Like the lower court over writing...read more
0 stars

RE:RE:Costa Rica names arbitrator

Baron; One would hope so. She is a states' favourite choice as an arbitrator. Governments have appointed her in 79% of her known investment-treaty cases. (Source corporateeurope.org) A recent case...read more
1 star

RE:Costa Rica names arbitrator

Question i have is she is on a different stage so if the facts are strong in favour of IG then should not be of concern who the person is.  rate and reply
5 stars

Costa Rica names arbitrator

Brigette Stern has just been appointed by  Costa Rica as an arbitrator in our ICSID case. She was one of the arbitrators in our "Las Cristinas" arbitration case and rejected our claim.  There have...read more
5 stars

RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:Might have action soon

There is a case currently before the ICSID........Supervision y Control S.A. v. Republic of Costa Rica (ICSID Case No. ARB/12/4)  The Dispute concerns a Concession agreement to build and operate...read more
1 star

RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:Might have action soon

raymondo5 you seems to be in the know and my feeling is next year for news regarding outcome of the case.  rate and reply
0 stars

RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:Might have action soon

There are established time limits for each phase of an arbitration and in our case, Costa Rica has exceeded the acceptable period in which to nominate an arbitrator to the panel. Infinto can now...read more
1 star

RE:RE:RE:RE:RE:RE:RE:RE:RE:Might have action soon

Now there has to be a limit to stalling ....start the court case with out them lol  rate and reply
5 stars

RE:RE:RE:RE:RE:RE:RE:RE:Might have action soon

Costa Rica's actions (or inactions) are responsible for Infinito's current situation and they will be held duly responsible for financial compensation to be paid to the company.  They are the authors...read more
0 stars

RE:RE:RE:RE:RE:RE:RE:RE:Might have action soon

good question... If they don't pay...not only will sanctions be imposed...but new international business entrants will refrain from doing business in CR citing CR as HIGH RISK country with potential...read more
1 star

RE:RE:RE:RE:RE:RE:RE:Might have action soon

Can Costa Rica afford to pay a huge amount ?  rate and reply
5 stars

RE:RE:RE:RE:RE:RE:Might have action soon

Compensation would seem to be the only course of action.  Costa Rican Law 8904 as of February 10, 2011 effectively prevents Infinito from reapplying for a surface mining concession or for selling...read more