It tells me that they are not happy with the decision that was...

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yakka1980

380 Posts.

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02/07/19

18:01

Post #: 39339725
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Originally posted by mboose: ↑

Tells one nothing yakka.
Except it reinforces the reality that nothing has changed when it comes to trying to do deals or dealing with SI customary landowners. Over the decades we have been dipping our commercial feet in the beautiful waters of the S Isles, deals are rarely if ever bankable tenures. Also one never puts serious development capital or productivity projections into customary land tenure projects in SI’s. Why not?
For the reason the deals are invariably derailed internally by the parties themselves.
Litigation is the end result but court outcomes are worthless. The local party/entity to the litigation never has the where with all to recover compensation or costs from.
The customary locals, the lawyers, the judicial systems all know this as they milk the system under ‘the western justice system’. In the interim the local economy gets a fiscal injection into taxis, the hotels & restaurants etc as the litigants do their battling.
Even when justice system prevails in the Co’s favour, without the customary landowners consent to a surface access agreement, the Co is still screwed. The Co need the consent of the party that just lost in the litigation!!!
Never ending downward spiral.

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It tells me that they are not happy with the decision that was forced upon them by Bradley Tovosia by approving the 2 PL’s from nowhere with no DD. All IMO.

AVQ Price at posting: 2.5¢ Sentiment: Hold Disclosure: Held
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It tells me that they are not happy with the decision that was...

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