KCN 5.48% $1.38 kingsgate consolidated limited.

Ann: TAFTA Update, page-88

  1. 1,749 Posts.
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    Unanswered phone calls are not good. That said I think the company is well aware that the patience of some shareholders is wearing thin. Speaking subjectively the time taken up to date has been too long. Speaking objectively, HFguy, who seems to know about these things thinks that any time from June this year would be expected. The bottom line is that this share is an investment in a litigation play. That means one is faced with the rules and practice that governs such litigation. If the litigation succeeds the results will more than justify the wait. If cash is needed immediately then one can always sell. There is no remedy for the slow process. Either one embarks upon it or one does not. If it is any solace I think it most unlikely that there will be an appeal, that any time given for the arbitrators to "put down their pens" will be very short or non-existent and I suspect that the matter will be settled shortly from the noises that we have heard from the PM's lawyer (via densamer). My 2 cents
 
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