MLS 4.17% 2.5¢ metals australia ltd

persuit or procrastination?, page-8

  1. 56 Posts.
    MLS lease expiry. No, I don't know - if it is normal to renew leases for (say) 2 years, then I would think it would run from November last year when the court case was won & the lease regranted, not withstanding the delays caused by Mr A sucessfully getting a 'final' high court ruling reopened/'final' decision delayed.

    Others would be more aware than I. The company should know.

    Despite (what I reckon is) the snail-pace rate of progress on tenement exploration, I would think that MLS will satisfy minimum expenditure requirements for the period & should be in line for automatic renewal for a further period - assuming Mr A who is related to someone high up in the Namimibian government doesn't "coerse" some breach of tenement rules.

    Col 8
 
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