In a further announcement yesterday (12 December), RTG stated: “we can now advise that the discontinuance papers have also been lodged with the Court, bringing the dispute to a formal end" The matter however returned to court on 8 December and was adjourned until yesterday afternoon (12 December) after lawyers for Mr Miriori failed to appear. During yesterday's hearing, rather than being brought to a "formal end" Justice Kandakaski ordered that the mediation process continue. This is to determine whether the reconciliation between Mr Miriori and Mr Daveona resolved the dispute to the satisfaction of the broader SMLOLA membership. Following three earlier mediation sessions in Panguna, a fourth session has now been scheduled for 29 January 2018, before a return to court on 6 February. These developments are not only deeply embarrassing for RTG but expose the highly misleading nature of its ongoing campaign of de-stabilisation against BCL
Importantly, BCL believes it retains strong support among the 367 Customary Heads who are authorised to act on behalf of the customary owners of the 510 land parcels in the EL1 area. The application process continues with a decision expected shortly and BCL respects this process. In the interim, the term of the exploration licence is taken to have been extended until the application is determined
BOC Price at posting:
24.0¢ Sentiment: Hold Disclosure: Not Held
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