Technical evidence in PCAs is lengthy and usually takes at least a year to beconcluded, this is the reason that Aguia is not expecting the case to be decided at first instance for18-24 months. If oral evidence is produced, the decision may take an additional 6-12 months.
Once a merits decision is rendered by the trial court, parties may appeal to the Federal Circuit Courtof Appeals. An appeal to this court would be expected to be filed, and it is estimated that betweenfiling and the judgment session, it may take 6-12 months.
A possible worst case scenario (without extentions) is 24mths plus 12mths plus 12 months = 48 months.
Four years.
I wondered if the compulsorily acquired (or represented as a compulsory) lands for mining could also now be challenged?
When this washes out, and if it is nothing more than a settlement opportunistic money grab based on inconvenience placed on a business rather than fact, what a grubby situation?
Management need some encouragement here and not vented frustration. Very disappointing for a hard working team!
AGR Price at posting:
4.1¢ Sentiment: None Disclosure: Not Held
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