Ann: Minority Ownership in Andash Mining Company , page-9

re: Ann: Minority Ownership in Andash Mining ... Yes, this may delay production by a couple of months IMO. This latest news is not unexpected. I posted weeks ago that they have another avenue to appeal through the Supreme Court and I expected ITC to do exactly that. This operation will be hugely profitable and it is no surprise to see ITC try and regain their minority interest. It's worth approximately $20M free cash flow per annum at current gold/copper prices.
Personally, I think they have two chances of forcing the Govt to hand back the minority 20% share....Buckleys and none!
ITC were in breach of the regulations and two courts have confirmed same.
It's a nuisance though it wont change the long term outlook for KGL.
I am expecting the Commission to publish it's findings within two weeks in relation to the objections some local Talas people have about the project.
The Govt are 20% shareholders in this project. I don't expect that to change.