emailed bmn about savannah timeline

And this is what PB had to say:

As I am sure you are aware the company is to report material facts that may concern the company’s share price. The ASX and TSX take a dim view of unsolicited or unsupported opinion in announcements.

Bannerman consider the Savanna High Court Motion to be a very important issue and are devoting considerable resources to the matter. As we are repeatedly telling people the Motion is not against Bannerman it has been brought against the Minister and Bannerman has no affect on the timing.

Bannerman were hoping to be able to refer to legal opinion and announce the date of the hearing in July but the final affidavit has yet to be submitted by Savanna. Any changes to the argument will be final in that affidavit which was due in the first half of July (but is yet to be lodged) with legal opinion to be made available to Bannerman shortly after.

There have been two issues: the original application for the Motion brought against the Minister with Bannerman as second respondent and the Savanna supplementary affidavit where it introduced the additional argument.

Both matters have been reported following meetings with our legal counsel where they have been able to outline to the board the arguments introduced by Savanna.

Bannerman included the update in the June quarterly without an official legal opinion because we think it is important but there is little else we can or should say at this point. Hence, the dry statements.



Cheers

SW