MCT 0.00% 0.3¢ metalicity limited

NEX and ASX, page-18

  1. 425 Posts.
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    Looks like the cash call court case as per below from the NME activity report.

    Supreme Court Action – JV Claim by Metalicity
    The Supreme Court (CIV/1582/2022) matter by Kym Mining Pty Ltd (Kym) a wholly owned subsidiary of
    Metalicity Ltd (ASX:MCT) wherein Kym is claiming circa $1.28m (plus interest and subsequent cash calls)
    towards joint venture costs (JV), Nex has had conferral meetings between the parties, which is ongoing.
    For clarity of shareholders the legal process is lengthy and there can be no certainty that there will even
    be a hearing (if not resolved in the interim) this year.
 
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