My broker tells me this circus has being going on with a Kal. mob since 2009 where an OBM property gets plainted, Warden accepts a prospector argument, the ruling is then appealed in the Supreme Court, the ruling gets reversed and the loser pays OBM court costs.
This has happened before.
It will likely be 18 months before any hearing.
In the meantime, OBM obviously knows the correct legal process to defend their position, and clearly doesn’t seem concerned otherwise they would have made an ASX release based on materiality.
Apparently this type of opportunistic plainting is happening regularly in the goldfields, where groups will try to get leverage and negotiate a position on other mineral activities.
I’m not going to lose any sleep over it until the company tells me i should be concerned.
My broker tells me this circus has being going on with a Kal....
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Last
33.5¢ |
Change
-0.005(1.47%) |
Mkt cap ! $622.1M | |||
| Open | High | Low | Value | Volume |
| 34.0¢ | 34.0¢ | 33.5¢ | $93.99K | 279.0K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 3 | 131886 | 33.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 34.0¢ | 980220 | 6 |
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| Last trade - 16.10pm 05/07/2024 (20 minute delay) ? |
| OBM (ASX) Chart |