Posted On: 05/20/2015 2:08:52 PM
Post# of 9904
Nightfly wake up, time for the move!
So what's next now? Can BGL keep this up until March 31st 2016 when the next audited annual report is filed?
They could if MSJ alone owned the mines and if MSJ didn't have an agreement with another company. We all know there's an agreement between Minera Agave S.A. de CV and MSJ. It's up to MSJ/Minera Agave how they want to proceed now they know that BGL doesn't want to come to an agreement with MSJ even if to clear the air between them and MSJ. MSJ/Minera Agave doesn't even have to reference BGL in the buyout/jv press release because the final ruling on these mines has already been made on March 19th 2014 by the court.
I'm sure Minera Agave checked with the Mexican Mining registry who owned these mines and they must have asked MSJ about it.
I also would not be surprised if BGL owned a chunk of SRGE shares as well just to cover themselves and still make money when a press release hits
and come out unscathed.
The options for MSJ/Minera Agave are:
1) still issue a press release and not referencing BGL
2) issue a press release and referencing BGL with legal action
3) wait until next year when BGL writes off the remaining of the impairment, which can not be 100 % sure
It's time for action on the side of MSJ/Minera Agave.
So what's next now? Can BGL keep this up until March 31st 2016 when the next audited annual report is filed?
They could if MSJ alone owned the mines and if MSJ didn't have an agreement with another company. We all know there's an agreement between Minera Agave S.A. de CV and MSJ. It's up to MSJ/Minera Agave how they want to proceed now they know that BGL doesn't want to come to an agreement with MSJ even if to clear the air between them and MSJ. MSJ/Minera Agave doesn't even have to reference BGL in the buyout/jv press release because the final ruling on these mines has already been made on March 19th 2014 by the court.
I'm sure Minera Agave checked with the Mexican Mining registry who owned these mines and they must have asked MSJ about it.
I also would not be surprised if BGL owned a chunk of SRGE shares as well just to cover themselves and still make money when a press release hits
and come out unscathed.
The options for MSJ/Minera Agave are:
1) still issue a press release and not referencing BGL
2) issue a press release and referencing BGL with legal action
3) wait until next year when BGL writes off the remaining of the impairment, which can not be 100 % sure
It's time for action on the side of MSJ/Minera Agave.
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