KDR 0.00% $1.90 kidman resources limited

Good stuff, but again, nowhere has it been said that a contract...

  1. reu
    1,743 Posts.
    Good stuff, but again, nowhere has it been said that a contract effective date or settlement date was agreed upon.

    A contract effective date or settlement date is a key material term, without which the 'contract' would be incomplete and uncertain and hence non-existent.

    Please go through previous posts by myself and others as we've covered all this.

    KDR is adamant that there was NEVER a contract, not even in April.

    ""Kidman is disappointed that the allegation by Marindi has been made when discussions between Marindi and the company, that are the subject matter of the allegation, ended in April 2016, and without an agreement being reached,” the company said.

    "Kidman notes that prior to the last few days, Marindi had not previously alleged any agreement, and in light of developments since April 2016, the company views Marindi’s actions as being opportunistic.”"

    Source: https://hotcopper.com.au/threads/reality.3443193/#post-24876441

    Again, what are the odds that KDR's two sets of lawyers are wrong about this one ?

    And don't forget, it appears that MZN's previous set of lawyers have walked away. The risk of not getting paid due to probable loss would be as good a reason as any.

    Personal opinion, pure speculation, DYOR, seek professional advice, I'm no expert etc
    Last edited by reu: 24/05/17
 
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