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30/05/16

13:24

Post #: 17901537
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Originally posted by Barry81 ↑

Did anyone ask if the other landowners could challenge the new application and what would happen if they did?
It was described that SMM used other landholders to exploit failures in the way the land estate was registered by SIG rather than parties that have actual claim/or not being represented in actual claim to traditional land. Reapplication for PL in light of COA ruling should largely address the way it which the land and then lease is registered, to avoid this instance again.

Did RM say anything about the possibility of a compulsory acquisition by the Minister?
Not as such, though meeting didn't proceed into the technical aspect of land registration.

Did anyone ask why we didn't go to San Jorge straight after the decision came out and how long we will wait before we actually go there?
Legal advice suggested the best idea was to commence works on isabel. Also st jorge license issued post intial isabel ruling.

Did anyone ask who a possible JV partner could be? Yes but confidential ifnoramtion that can't be shared. Namely once axiomkb hold registered lease and license to mine they hold a material asset. Note this was emphasized strongly.

How soon is "shortly" for the SIG to release info re the EOI? SIG have not provided timefrimes but axiom are asking.

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Thank You Barry.
Some other question that could be asked tomorrow.
Can RM exclude the possibility that the JV partner could be SMMS?
Did anyone ask if the EOI process repalces the LOI part of the PL application process under the Mines and Minerals Act?
Thanks again.

AVQ Price at posting: 15.5¢ Sentiment: Hold Disclosure: Held
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Monday Shareholder Update, page-24

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