Yet again, 100% incorrect...in Contract, Law and Interpretation...

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usc75

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29/12/17

18:29

Post #: 29939906
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Originally posted by Elcorp ↑

Hi Laurenj. Very good question but difficult to answer. Sagitar's reply shows these actions can take some time but they can be sorted out quite quickly too. I think this one will be resolved quite quickly. The main reason being this clause in the definitive agreement outlined in Cougar's 2017 Annual report;

DNI Metals Inc is to use its best efforts to secure third party sales and offtake agreements for the Joint Venture’s graphite products and prioritise the sale and promotion of the Joint Venture’s graphite products over alternative sources where possible.

Until the Arbiter has made a ruling, DNI are not able to progress the JV project. The above clause also halts the sale of any production from DNI's other property. That's why I believe DNI will be wanting a quick resolution so that can get on with business. As far as reaping the benefits in the event of the legal proceedings going Cougar's way, it would very much depend on the final ruling. Once again though a quick settlement would be in the best interests of DNI to enable them to get back to advancing the project. Depending on the outcome it is possible that Cougar will be the ones to advance their project. Maybe not likely but nonetheless possible. Cheers, E.

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Yet again, 100% incorrect...in Contract, Law and Interpretation of Reality!

In case you've forgotten, DNI have Terminated the DNI-CGM LOI Option Agreement.

DNI owns 100% of both Madagascar Graphite Projects. One-and only one-of which is now before LICA.

See DNI Website: http://dnimetals.com/news/

Laurenj, don't be fooled by Elcorp's false platitudes.

Go study both DNI and CGM SX Releases in detail and form your own conclusions.

CGM Price at posting: 0.6¢ Sentiment: Sell Disclosure: Held
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Yet again, 100% incorrect...in Contract, Law and Interpretation...

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