Thought I'd include excerpts of the most recent company announcement "Previous Rulings Against Axiom Set Aside".
"After preliminary submissions by the Company, the Court formed the view that the determination of the validity of the international tender for the Isabel Nickel Deposit is a fundamental issue in the case which could have an adverse impact on other parties in the proceedings".
As this key issue had not properly arisen under the preliminary questions determined by Justice Chetwynd, the Court was of the view that it was not appropriate to directly determine the questions and rulings in respect of the preliminary questions. The Court therefore ordered, with written reasons to be published in due course, that the answers to the preliminary questions by Justice Chetwynd be expunged.
The Court also ordered that all issues in dispute should go to trial and the parties agree to an expedited timetable. In the interim, the terms of the interlocutory injunction remain."
If the tender process is deemed to be invalid with an adverse finding against the SI Government, I wonder where that leaves all the other issues in dispute.
AVQ Price at posting:
1.8¢ Sentiment: Hold Disclosure: Held