On 26 May 2020, Dampier commenced legal proceedings in the Supreme Court of Western Australia against Vango Mining Limited (ASX: VAN, Vango), seeking damages, costs and an order requiring the transfer of its beneficial interest earned pursuant to the K2 Project Farm-in Joint Venture Binding Terms Sheet signed on 12th May 2017. The Supreme Court proceedings also includes a claim for unpaid royalty payments and milestone payments arising from the Plutonic Dome Purchase and Sale Agreement. The K2 Project has been re-named by Vango as PHB-1 and has become Vangoʼs “flagship project”.
Rockshell, you're certainly welcome to your opinion, should you now feel the K2 tenements are not a central part of Vango's value. I have above substantiated my assertion that they are the crown jewel.
VAN Price at posting:
3.6¢ Sentiment: Sell Disclosure: Not Held
