TBR 0.00% $4.88 tribune resources limited

i just got hold of the decision Justice Martin made back in...

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  1. 22,054 Posts.
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    i just got hold of the decision Justice Martin made back in January about TBR/RBD getting an injuction to compell NST to keep milling JV ore.
    NST won, or should i say , the judge let NST cut back their obligation to a complete 140k tonnes of JV ore per annum.
    ie 35k tonnes per qrt.
    There is no mention where thus 35k tonnes from
    It seems like a figure which NST plucked out of thin air.
    But on the negative note for TBR/RND, the judge has made a preliminary judgement which suggests that there isnt a strong case to compell NST to mill any EKJV ore at all. Ouch.
    He states that there is only a contractual obligation to let tge partners know how much ore is anticipated to be milled but not to actually mill.
    ie NST can in effect mill as much or as little as they want.
    And thats why i think they want to mill as much ore from their own Kalgoolie operation while gold price in above $2500aud. To make it profitable.
    Their last qrtly was absolute shite with regards to ASIC ( above $2000!!!)
 
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