One thought I have been ruminating on concerns Vlada's concerns about timing of arbitration.

It would appear logical to me that in order to avoid creating a prejudicial case for the bondholders it will be necessary to address the legal issues in full before proceeding to arbitration. Should it go to court then I would think a legal decision would have to be rendered before seeking arbitration. This may therefore take longer than May 28 in which case the commencement of arbitration may be delayed. Why would KRY announce it is seeking arbitration before resolving the bondholder issue?

In the meantime should a permit be approved then the bondholders would have no case so in theory KRY would be in a position to wait longer than May 28 or at least till the bondholder court case is resolved.

Just a thought for consideration.

Teutracker