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word from anglo, page-39

  1. 7,746 Posts.
    No. Im not sure. I certainly hope you can get some clarification for us. Thanks in advance.

    I'm just looking at it from their side. Reverse the roles. If NKP were in ARMs position. Would you think it fair that someone can start mining your resource before a judge has ruled on an open case?

    At the moment its a moot point. Their is no application for injunction. And their is no open case to lay grounds for an injunction. But that can change quickly.

    I would assume it doesn't matter. Because NKP aren't ready anyway. And preference would be for a speedy hearing to determine rightful ownership. So by the time we are ready to mine the mess would be sorted. But who knows. Its just speculation.

    I don't know if PAJA 180days only applies to prospecting rights or also mining rights. But surely their is a time limit for ARM to layout all the cards. It cant go on forever?

    Too much uncertainty. Sp can't go up until a JV or definitive resolution to rights issue. hopefully both.
 
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