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19:18
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Originally posted by johnyb26
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"Should the POZ action be successful, it will enable the Company to apply for the first-in-line exploration rights (free from any previous liabilities) over the current area of M04/372. It is also noted that the Department of Mines and Petroleum’s Tengraph plan system has a notation (No.12621) to the effect that applications in the area may be refused (by the Minister) in the public interest under s.111A of the Mining Act 1978. It has been previously reported by the former mine operator (ASX Release dated 31 December 2014) that the Ellendale mine (on tenement M04/372) was the world's leading source of rare fancy yellow diamonds, contributing 'an estimated 50% of global supply'.2" Everything is on the line here for KDL. Markets like certainty, and dislike insecurity. KDL is cash strapped and in court spending on lawyers, caught up in Govt. red tape. Will investors like this?
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KDL investors wouldn't want to lose their only treasure in Australia, due to apathy. Anyway there will be a flight to gold and diamonds if the world's economy becomes any more precarious, so we better fight to keep it.
