Strategic Minerals PLC (LON:SML) managing director John Peters speaks to Proactive London's Andrew Scott as its announced they've lodged a notice for arbitration in connection with the contract with its major client at Cobre.
''Legally we're bound not to name them ...we don't want to open up any chance of a countersuit''.
''I can say that the numbers involved are quite large, it tails over US$20mln in claims''.
''As far as we're concerned we've got to take the view that until we know we're getting this money, we're not building it into anything''.