thanks for this AzinAsia.
This is really the gold mine of info.
In the interview with * , Paul Adams makes the following important statement
cut & posted -
After the California deal fell through, Spectrum acquired a couple of high-grade brownfields gold projects in Western Australia, including Penny West. How did this deal come about?
“Our chairman Alex Hewlett had coveted [Penny West] for about 18 months, but it was really a case of us being there at the right time with the right deal, and with the capacity to take it forward.
-----------------------------------------------------------------------------------------------------------------------------
So if SPX Chairman Alex Hewlett had been "coverting" Penny West for about 18 months PRIOR to the acquisition then what does this mean for the
grounds of complaint that VMC have?
SPX had prior knowledge and engagement with the holders of Penny West before DJ Carmicheal and VMC was involved?
There goes your 100% no doubt case out the window if you ask me.
There MUST be some if not STRONG doubt about the VMC claim so it would be very unlikely to stand up in Court.
Therefore......its never meant to go to court only to mediation [at best].
Common SPX management give us more details and keep us in the fold of SPX. Really don't want to jump.
Yak52
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Ann: SPX Denies Claims Made by VMC, page-37
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