" MLAZ and Ganti are in dispute over the final costs of the mining works claimed. Rather than follow the contractual conflict resolution scheme, Ganti submitted legal proceedings in the Federal District Court of Mexico.
On Friday 31st of January, Ganti representatives arrived at the MLAZ office and at the 3rd party owned Adalma Plant seizing control of financial records and physical inventory. CZL's board has been advised that these actions significantly exceed the actions allowable under the ' order ' Ganti received from the Court.
On the 4th of February the Court rescinded the ' order ' given to Ganti."
Or to put it plainly, Ganti can no longer continue legal proceedings in the Federal District Court of Mexico as it has been rescinded [cancelled] by the Court, because of Ganti's outrageous behaviour.
Unless Ganti has some other legal option then Ganti will have to revert back to the 'contractual conflict resolution scheme'.
Which also means MLAZ can no longer claim damages under the Federal court order as it no longer exists.
It's all back to negotiation.
Meanwhile CZL can proceed forward with its more efficient owner operated mining, its processing and selling for the rest of the March quarter and we can await the results come the end of April, while the dispute negotiations go on in the background.
That's the basics as I see it.
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