Ann: Company Update - Court Application, page-39

First 39 Last

Share
Profile

Follow
AllFuelledUp

4,783 Posts.

149

10/09/18

14:56

Post #: 35499041
Share

Originally posted by Ashes86 ↑

Hello fellow Creekers

I attended today, short answer is the injunction will be resolved one way or another on Tuesday next week.

I’d need several Visio diagrams to reverse engineer Vince’s floored logic, and LCK and SA Govs defence thereof. Suffice to say it sounds as though Vince is not acting at all on behalf of ATLA, see one of my points below.

A handful of summary points from me:

- LCK have suggested latest they can defer flaring initiation to without financial penalty from contractors is the 19th of this month:

- if injunction cannot be resolved at hearing next week, LCK will be seeking damages of $50k per day until resolved , assuming LCK win;

- ATLA would have to make clear they can afford to lose in relation to the above , I was unclear if that meant funds need to be entered into an escrow account or similar;

- Judge Dart seems quite pragmatic and wanted to work case though to a resolution as soon as possible;

- Vince’s lawyer (looked like Kim Beasley) tabled new evidence less than an hour before the 10am start time so hearing was delayed until 11:30;

- LCKs lawyer suggested Vince’s claims are directly contradicted by a report ATLAs 8 senior elders signed in 2017;

- above report was a part of the land access agreement which detailed the nature of LCKs planned operations, the same operations to which Vince now objects ;

- Vince’s lawyer entered A4 sized black and white photographs of artefacts as evidence today , although he needed more time to give the court the scale of said artefacts as no one could verify - Vince never spoke a word about said artefacts ....;

- LCKs lawyer made it clear there will be a requirement to cross examine Vince in future hearings : to which his lawyer made it apparent he was unavailable for cross examination .... if he hasn’t already been discredited he will be in due course;

- LCKs lawyer argued that the land access arrangement signed by ATLA has a sunset clause by which either party could raise concerns etc, that expired 6 months from October 2017;

- there was debate from Vince’s lawyers as to which geologic basin the PCD site is in - Telford or Arkaringa, apparently the SEO/EIR mentions both basin - seems flimsy to me - any expert wouldn’t care what the name of the basin is - More interested in proximity to PCD site (coordinates) and the bore log

- a couple dozen eco tards from Sydney were present along with Justin Haines and Michael Malavazos and a few journalists

Not sure what else I can say, aside from my take on it all is that LCK and the SA Gov should knock this over with ease , unfortunately it will take time and money and distract us from the main game - successful flare and resource upgrade

All the best

Expand

Thank you VERY much for this. This is what my take outs are

1. Able to fare as soon as 19th - happy days
2. They have nothing

LCK Price at posting: 14.0¢ Sentiment: Buy Disclosure: Held
4 Upvote

0 Great analysis

Reply

Top Stories

KSN

Mineral Hill transition kicks off for Kingston, gold and silver ramp up to follow

Super PITch gold sponsor RSM Australia: Can Diggers & Dealers 2024 be key to reinvigorating IPO activity?

AIR

Air New Zealand ditches 2030 emissions targets – right as ASIC's Scope 3 reporting changes kick in for FY25

MTL

Mantle Minerals' Nick Poll talks to HotCopper on finding gold grades up to 3.57g/t at Mt Berghaus

NWH

NRW Holdings voted Wealth Within's hot stock tip

There are more pages in this discussion • 44 more messages in this thread...

First 39 Last

Add NRZ (ASX) to my watchlist

(20min delay)
Last 0.5¢		Change 0.001(25.0%)		Mkt cap ! $9.512M

Open	High	Low	Value	Volume
0.4¢	0.5¢	0.4¢	$13.64K	2.808M

Buyers (Bids)

No.	Vol.	Price($)
31	22966816	0.4¢

Sellers (Offers)

Price($)	Vol.	No.
0.5¢	4924828	8

View Market Depth

No.	Vol.	Price($)
31	22966816	0.004
38	28239397	0.003
33	196670579	0.002
19	170900000	0.001
0	0	0.000

Price($)	Vol.	No.
0.005	4924828	8
0.006	11921601	5
0.007	15926714	3
0.008	12500000	1
0.009	11629292	4

Last trade - 14.42pm 30/07/2024 (20 minute delay)

NRZ (ASX) Chart

Ann: Company Update - Court Application, page-39

Mineral Hill transition kicks off for Kingston, gold and silver ramp up to follow

Super PITch gold sponsor RSM Australia: Can Diggers & Dealers 2024 be key to reinvigorating IPO activity?

Air New Zealand ditches 2030 emissions targets – right as ASIC's Scope 3 reporting changes kick in for FY25

Mantle Minerals' Nick Poll talks to HotCopper on finding gold grades up to 3.57g/t at Mt Berghaus

NRW Holdings voted Wealth Within's hot stock tip

Featured News

Buyers (Bids)

Sellers (Offers)

Featured News

Ann: Company Update - Court Application, page-39

Top Stories

Mineral Hill transition kicks off for Kingston, gold and silver ramp up to follow

Super PITch gold sponsor RSM Australia: Can Diggers & Dealers 2024 be key to reinvigorating IPO activity?

Air New Zealand ditches 2030 emissions targets – right as ASIC's Scope 3 reporting changes kick in for FY25

Mantle Minerals' Nick Poll talks to HotCopper on finding gold grades up to 3.57g/t at Mt Berghaus

NRW Holdings voted Wealth Within's hot stock tip

Featured News

Buyers (Bids)

Sellers (Offers)

Featured News