SRK 6.45% 3.3¢ strike resources limited

settlement with d&c looking more likely everdy, page-3

  1. 372 Posts.
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    Fact #1 - D&C has not paid their share of the court fees. Fact #2 - D&C's group of three companies have only coughed up USD$1k each (re: the funding call of USD$840k).
    Conclusion - It's pretty clear to me that money must be really tight for them (read: D&C is not in a financial position to advance the Peru iron ore project and hence the delaying tactics). In any case, this might be a good thing for SRK because it means that D&C's delaying tactics (ie. using the court process to delay the progress of the Peru iron ore and frustrate the hell out of SRK and its shareholders) will come to an end - and it looks like 22 May 2009 is the "D" for them. It would be pretty embrassing going to court without paying your fees and as a result not being able to present your case. Bring on the settlement discussions and completion!!! - I reckon.
 
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