Share
10,740 Posts.
lightbulb Created with Sketch. 2086
clock Created with Sketch. 25/01/16
19:14
Share
Originally posted by tobyjack
↑
congoFrom the December Interim Repor t the suggestion was - with all legal challenges dealt with IDC is awaiting the outcome for the renewal of EL 1093 and suggested that it remains in full force until renewal has been determined.From the September Quarterly ....On 17 August 2015 the Company completed the court-ordered mediation process at Mt Kare with all Mt Kare landowners identified in the Landowner Investigation Report (LIR) signing a Landowners Agreement in the presence of the mediators, including Justice Kandakasi of the PNG National Court of Justice. This is the first Agreement signed by all Mt Kare landowners since the original gold rush began at Mt Kare in 1986.The Secured Creditor confirmed its continuing support for the Company by agreeing to renegotiate and extend the loan facility to provide ongoing funding to maintain exploration licence EL1093 (EL1093) (subject to Application for Renewal) and the infrastructure at Mt Kare in good standing.which has applied for the extension of EL1093. to enable Indochine to undertake and complete the proposed work program under the licence renewal application for EL1093 .
Expand
Well, according to ASIC, the administrators are gonzo. So, the DOCA is good, bad or ugly, not sure, but I eagerly await the ASX update.
Last edited by
5speed :
25/01/16
