court case dates and share price, page-13

First 13 Last

Share
Profile

Follow
Eagle Bob

274 Posts.

19

16/12/21

12:45

Post #: 58336602
Share

Originally posted by kori: ↑

Undaunted and Eagle Bob the champagne corks were definitely popping in Leeton. Very dangerous just to read one paragraph (C. 258). Billabong's main prize (if they had won) was the enforcement of the 2016 NTS ROFR rights which would have given Billabong 40% of ALL of Vango's tenements. I repeat if they had won. The judge kicked this claim to Stewart Island. In fact the judge awarded indemnity costs to Vango to be paid by Billabong because Vango had offered (as a settlement) over 15 months ago the same BTS that DAU was offered. The judge had stated that Billabong was successful in that the BTS should have had been offered to Billabong in the 2017 transaction. However given the fact that Vango had already offered the BTS to Billabong in early 2020 the judge stated that Billabong should have accepted the offer. So the judge is just reinforcing what VAN had already given to Billabong. So if Billabong wishes to accept the orders of a BTS (they need to pay $3m to Vango for the right to earn a farm-in of K2 only) they need to do so within 10 days of yesterdays date. My money is that given the Billabongs huge legal costs to date and the bad reaction that faces their shareholders an appeal by Billabong may be on the cards!

PS without going into too much legal detail this judgement IMO also gives an enormous confidence booster to the next case (re ZAG) as the BTS (and its challenges) were highlighted in the ruling. Bring it on!

Expand

Where is the info re costs in the Court ruling please Kori?

VAN Price at posting: 5.9¢ Sentiment: None Disclosure: Not Held
2 Upvote

1 Great analysis

Reply

Top Stories

TBN

Tamboran kicks off Shenandoah South pilot project with SS-2H well spud

PYC

PYC achieves key designation for drug aiming to treat blinding eye disease ADOA

Week 35 Wrap: HotCopper’s top watched; ‘iron ore winter’ has started; Oz inflation @ 3.5% MoM; Harris fracking flip

HLX

Helix investor makes partial takeover bid, proposing board changes

CCO

The Calmer Co’s Anthony Noble reflects on record breaking FY24

HVN

Consumers cautious according to Harvey Norman, as profit slumps 35% in FY24

LLC

Lendlease sells off US east coast construction operations in latest global divestment push

CYM

WA Nifty copper project steps closer to restart with Cyprium Metals inking $40M loan from Glencore

Consumer Staples Shine Amid Retail Slump – Key Stocks to Watch

VYS

Vysarn acquires Waste Water Services Pty Ltd for $7.5M; WWS to become subsidiary as expansion continues

There are more pages in this discussion • 28 more messages in this thread...

First 13 Last

Add VAN (ASX) to my watchlist

court case dates and share price, page-13

Top Stories

Tamboran kicks off Shenandoah South pilot project with SS-2H well spud

PYC achieves key designation for drug aiming to treat blinding eye disease ADOA

Week 35 Wrap: HotCopper’s top watched; ‘iron ore winter’ has started; Oz inflation @ 3.5% MoM; Harris fracking flip

Helix investor makes partial takeover bid, proposing board changes

The Calmer Co’s Anthony Noble reflects on record breaking FY24

Consumers cautious according to Harvey Norman, as profit slumps 35% in FY24

Lendlease sells off US east coast construction operations in latest global divestment push

WA Nifty copper project steps closer to restart with Cyprium Metals inking $40M loan from Glencore

Consumer Staples Shine Amid Retail Slump – Key Stocks to Watch

Vysarn acquires Waste Water Services Pty Ltd for $7.5M; WWS to become subsidiary as expansion continues

Featured News