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01/03/18
14:30
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Originally posted by Denial
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That's complete rubbish Oldfolk. You and a few clearly have a weak conviction with your KCN investment thesis as soon as the price fluctuates. Perhaps you need to reassess your overall approach?
Almost all similar cases have dragged out until both legal teams get together during formal mediation process to test their position at this negotiation table. Up to this point the legal profession themselves refer to it as "paper shuffling" phase of the negotiation cycle. Note both legal teams have a clear incentive to drag it out as long as possible but unfortunately for them it must come to a head in late March. Its at this point that they must provide clear and non-conflicted advice to their respective clients as to whether or not they should be making/accepting a reasonable offer or otherwise. If nothing transpires then the appointed mediator may communicate back to the residing NSW Supreme judge as to the party least willing to compromise and potentially look to award costs against them under the scenario they lose. But as you noted come June/July it all comes down to how the judge sees it and specifically the T&C of the policy wording with a "reasonable persons" lens on.
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If you look at the report then you will see management doesn’t have the confidence like you do.