Unfortunately Philippines is a very risky/tricky jurisdiction, to do gold mining business. Yet alone take legal action against people etc. so as you’re aware 60% of PMC is controlled by Raul Villanueva, he physically took control of the mine in early 2023, but didn’t have the legal Authority to do this. If Raul Villanueva stepped down, we wouldn’t be in this mess and would be trading? $2-3. The falsification case being dismissed in court last month, was a game changer from my legal understanding, made Joseph Mahusay legally entitled to 60% of PMC legally. So any deal this raul Villanueva fella try’s to make with the current board to sell or profit etc from his 60% physical control would be illegal. So basically we can’t have a resolution until the legal dispute for ownership is resolved hence it’s dragged out in the courts and the current board are just making announcements that they are in discussions with Raul Villanueva blah blah blah. Yet for all we know, raul may not be responding to the board or unwilling to deal with them. We elected them to work with Raul last year in June 2023. So been almost 18months and very little change to the situation. all the current board did was put x64 in administration. Basically didn’t provide any results and we got shafted. Yet they got paid director fees etc. Hope this helps. I honestly just want a good result for x64 shareholders. Thanks drillbit
Unfortunately Philippines is a very risky/tricky jurisdiction,...
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