Originally posted by 6000
I got copy of this letter dated on 11th December 2018 (uploaded below).
DNS and partner is a famous company in Honiara. They are comming often in "Court News" as defence lawyers for his clinets.
Magistrate Chief Emma Garo was working for DNS
http://www.solomonstarnews.com/index.php/news/national/item/19455-garo-makes-history
I don't understand why some forum members denied that DNS is existing when Axiom in house lawyer Tagini is in copy
View attachment 1414393
I have been talk to one of Kolosori trustee in the morning he is mentioned as one of reciver this letter and exposed on picture bellow
View attachment 1414377
He confirmed that letter was delivered to them.
Axiom was
View attachment 1414399 during applying or re-applying process for Kolosori and they are sending on 11th December 2018 Letter of Demand to Kolosori trustees. In my opinion holders and investors should know earlier that something is going wrong with Kolosori, what we have proof now that Kolosori was given to another company.
I mean market wasn't informed and should be.
If you are suggesting that this letter of Demand is in fact credible, which I cannot, have they repaid their loan or have they reconsidered the fragile position they are in? Or is it infact as
@CognacXO suggests another Con job.
http://theislandsun.com.sb/tax-scheme-promoter-here-for-nickel-mining/ Care to mention this article?
"I got copy of this letter dated on 11th December 2018 (uploaded below)." Who did you get this from and why is the date different? Is this part of a deliberate and low level attempt to derail Axiom's good reputation?
A Letter of Intent cannot be revoked by a minister without affording an opportunity to to make representations. Therefore withdrawing the LOI would entitle a judicial review which would enable Axiom to dispute. Those who suggest it is a done deal should refer to Axiom's LOI having been withdrawn by the CoA after a judicial review, making it invalid. A ministers signature on an application that has not followed regulations would certainly end up as a major sticking point, one which Axiom would certainly not make with their experienced team.
Good luck to the management team, Landholders and Shareholders.
In my opinion price sensitive informations are not providing on time.
You said : A Letter of Intent cannot be revoked by a minister without affording an opportunity to to make representations. Therefore withdrawing the LOI would entitle a judicial review which would enable Axiom to dispute
Letter of intend can not be revoke but can expired if company is not in the positions to get landowners support.
Why they didn't ;-)
Judical review mean what? Complicated lawerys language.
Are they taking Minister, Ministry or Mineral Board Members to the high court?
Next long court case is coming? Judical review it can mean civil case against government.
In my opinion it could influence any licencing process.
