Ann: VUL receives settlement & apology from J Capital & Murray, page-25

The shareholders can feel happy/relieved that
— the four Vulcan people have been apologised to for feeling defamed by J Cap
— and the God of Empty Promises report won’t be circulated any more.

BUT WHY THIS?
I have not seen the report but it apparently claimed something about a crucial flaw in Vulcan’s founding premises about flow rates from 2kms underground.

“J Capital reportedly claimed Vulcan’s pre-feasibility study for the project contained an unrealistic assumption about the flow rate “that beautified the project and can be easily disproved”.”​

Having organised the court case, and given the negative impact of this ‘beautification’ claim, I don’t understand why Vulcan did not simply go to court and produce the science and figures that showed its’ figures in regards flow rate were irrefutable .

Instead this comes across to me as a bit a rewrite of the story of the Emperor’s new Suit tale where the kid who said “the emperor’s got no underwear” suddenly says he will stop saying that and he apologises to the tailors for making them feel bad.

Is the king wearing underwear or not ?
Instead of showing it off for once and for all and exterminating doubts there’s a last minute out of court settlement?

“The orders dismiss the proceedings but do not disclose any payments between the parties.
The orders specifically do not preclude either side from defending any litigation linked to the report or from co-operating with authorities in any inquiries about the document.”
​

And there is no information about any payment as an incentive to drop proceedings.
What was the incentive then?
Might J Cap have shared some of its’ Vulcan largesse with the directors to encourage them to drop the defamation case?
Did Vulcan pay J Cap to gag the report with its’ references to nil underwear?

Once again; Why not just say “Here’s the science” in front of the judge who was already there yesterday ready to see it?

cheers

PS John Maz are you saying the science on flow rates WAS shown and proved irrefutable ?