Heads we win ...tails you lose!, page-70

First 70 Last

Share
Profile

Follow
jasmac

1,961 Posts.

38

04/04/16

15:28

Post #: 17417381
Share

Originally posted by Tez1985 ↑

Hi Jasmac,

Going to pull you up on a couple of technicalities there in your post.

Firstly, You said "Neither SMM nor AVQ nor the SL gov expected....", Though I agree that SMM were hoping for a better outcome I do believe that there Lawyer Sullivan QC knew very well the possibility of the land reverting back to Customary Land, as I posted in my thread Lilly QC v's Sullivan QC, Sullivan is a specialist in Customary Law.

Second, (and this ties in with point 1) You have said "we have BEEN THROUGH the high court and it was not mentioned there either"... This is incorrect, Sullivan QC had argued the point about how the land was registered all along (with all his other points) in the high court, as the high court judgement reads.

The reason this was very unpredicted by our management and lawyers (at least to our knowledge) is because of the first basic principal defence in Torrents Law, That once registered anything prior is no longer of consequence. Lilly QC argued that though there might have been a few discrepancies in the registration process (he played down the magnitude a bit there) this was irrelevant now because the land had been registered and had a title. Lilly QC argued that by making a ruling over the land in favour of the appellants would then water down the Immediate Indefensibility of the Torrents system (anything prior to registration should not matter once it was registered).

The Immediate indefensibility seems to be particularly important because both Lilly and Sullivan agreed that they did not wish any ruling to water it down. Also Judge Brown ruled on that immediate indefensibility when he made his ruling saying in his judgement that once the land was registered it could not be questioned how it was registered.

The CoA simple ruled around it stating that because it was never registered properly it never should have gained its registration and therefore should and could not fall under the immediate indefensibility defence. If you follow me.

So what I am saying is that a) Sullivan QC was aware of this likely outcome (but probably didnt hope for it) and b) it was very much a part of the High Court Judgement (so much so that we won on it in the HC lol)

Expand

I stand corrected... however i was more trying to infer that after the HC case im doubtful ANYONE expected the result that was given.

Considering the implications to SMMs other tenements i dont think it was the outcome thet particularly wanted either.

Based on all of this and taking your correction into account i still dont see why cries of mismanagement and ineptitude are being thrown around.

AVQ Price at posting: 20.0¢ Sentiment: Hold Disclosure: Held
3 Upvote

0 Great analysis

Reply

Top Stories

BNL

Blue Star Helium sees approval for five more wells at 'Galactica/Pegasus' project in Colorado

IRX

InhaleRX gains approval for clinical trial to test non-opioid therapy for cancer pain

3DA

To make modern missiles, you need 3D Printing. And in that gold rush, Amaero is selling shovels

HotCopper Highlights: Your most watched stocks for Week 46, 2024

CUF

CuFe sells its Crossroads gold royalty to Northern Star for $4M cash; says better than waiting for mine launch

GDM

Banshee's historic trenches prove rich in antimony and gold for GDM

EEG

NT Gov't delivers environmental approval for Empire Energy's Beetaloo Carpentaria pilot gas play

BTH

Bigtincan's Board backs Investcorp offer: Why a NASDAQ listing could be game-changing

Week 46 Wrap: Copper hits 2mth low as Trump threatens net zero pace; US rally fades; HotCopper’s picks

CLE

Cyclone signs MOU with Vale for development of Iron Bear play

First 70 Last

Add AVQ (ASX) to my watchlist

Heads we win ...tails you lose!, page-70

Top Stories

Blue Star Helium sees approval for five more wells at 'Galactica/Pegasus' project in Colorado

InhaleRX gains approval for clinical trial to test non-opioid therapy for cancer pain

To make modern missiles, you need 3D Printing. And in that gold rush, Amaero is selling shovels

HotCopper Highlights: Your most watched stocks for Week 46, 2024

CuFe sells its Crossroads gold royalty to Northern Star for $4M cash; says better than waiting for mine launch

Banshee's historic trenches prove rich in antimony and gold for GDM

NT Gov't delivers environmental approval for Empire Energy's Beetaloo Carpentaria pilot gas play

Bigtincan's Board backs Investcorp offer: Why a NASDAQ listing could be game-changing

Week 46 Wrap: Copper hits 2mth low as Trump threatens net zero pace; US rally fades; HotCopper’s picks

Cyclone signs MOU with Vale for development of Iron Bear play

Featured News