Well done to another jilted one, share price falls far further than the sector correction due to scuttlebugs regarding a scheduled Wardens Court appointment date. In time, just another procedural matter that will be taken care of, all because our system and courts, allows these events to occur and drag on for far too long. Lawyers are good at dragging time on and on, oh, plus making bags of money from unintelligent clientele at their whim.
Nothing to see here or worry about, except a golden spod of an opportunity to top up the account and make some more easy money. This stock is a longer-term investment for me and has been since August last year.
Unfortunately, with sought after Tier 1 assets sometimes come shenanigans from jilted grubby ones who are allowed to use the system to their full advantage for green mail attempts. MZN were embarrassed, so will be Phoenix Rise (M77/1080 and 1065 apps for forfeiture) and Hull (M77/1065 plaint & app for forfeiture) ... They are all “morally bankrupt”.
Like WSA, SQM, charlie123456 and other investors I long ago undertook due diligence in regards to these grubby greenmail attempts by jilted ones and determined that unless that they are paid to go away it was just matter of time before the cases were heard in the Wardens Court with the Warden recommending to the WA Minister of Mines that the annual expenditure commitment exemption applied for by the Company at the time, being on the 5th February 2016, be granted as well as the forfeiture application be dismissed, especially in regards to tenement M77/1080 (Earl Grey deposit).
Always was and will be a matter of course, based on eons of similar judgements with progressive expenditure amounts far exceeding the combined annual minimum requirements by almost a factor of two, the holding company at the time being in administration process and other precedents.
M77/1080 Mitis Dealings - Expenditure
Our court system allows flawed disingenuous claims to see the light of day in an extended time frame far longer than it should, normally these matters are dealt with in the expenditure year that the application for forfeiture was made. Procedural delay tactics have occurred here by some, but now will be emphatically dealt with speed by others, now that they can be and all without greenmail settlement.
Again, “nothing to see here or worry about, except a golden spud of an opportunity to top up the account and make some more easy money” like before. Bye …
…………………………………………………………………………………………………………… ONLY case scenario: KDR wins outright yet again, Probability = 100%.
You are neither right nor wrong because the crowd disagrees with you. You are right because your data and reasoning are right. ~ Warren Buffett
KDR Price at posting:
$1.29 Sentiment: Buy Disclosure: Held
