Hey the SA govt have done great on this- both parties approved this - thanks in large to there being legislation that permits this under strict conditions- and LCK meeting these requirements. I don't kow how the SA govt can act on ALTA- they are defendant#1 here and are probably more concerned than we as LCK shareholders are. This one is up to the courts
The bigger issue is that if the judge finds grounds for ALTA to stop this approved trial, then it would appear that all the legislation and signed agreements and payments are deemed to stand for absolutely nothing. If that were the case then SA would be finished for resources in a heartbeat.
Who would ever invest in a company in a state where one persons prophetic REinterpretation of the feelings of a dreamtime myth can overrule law and contract? Rightly, the Chinese would probably walk away from Australia if this were possible.
That said, I cannot fathom this is remotely possible and enjoy being affirmed in these releases that we are days from producing gas and the work in the background continues unimpeded until this blot is behind us
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Hey the SA govt have done great on this- both parties approved...
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