Lu....CFE can't do anything...receivers will be negotiating...Unless ILP paid out, which will require more money from CFE, if (big IF) it deems it worthwhile....Then if receivership lifted ..CFE can assume some control..But MMX can just wait untill judge decides..nothng then to do with CFE, up to judge...Or MMX could negotiate with CFE...but something tells me that MMX would'nt be handing over a whole lot of Jack Hills as a settlement...Look this does really turn on a couple of things...We still get back to only a small ammount of chm's money origionally "Misplaced" less than $300k,(cheques and share parcel) agreed by both parties!!!in an $11 million purchase price..we are talking at best 2.5% of value of JHills...generally considered to be worth $800 mill....still only $20 mill or so, and that is if judge believes the case has been totally proved...Just look at all the dubiousness on this last chm/ilp case..and there was actually a legally binding spelled out agreement there..that each believd they could rely on...In chm V MMX..nothing in writing...no agreements....Just evidence from a whole lot of shady charachters.from both sides...and 2 cheques..totalling about $150k.... Gonna be very hard for a judge to give a super large award, and then leave himself open to appeal...I reckon he will find some middle ground..And award something whereby chm will be relatively vindicated and MMx won't be to unhappy to pay..Judges hate having thier decisions appealed,....
CHM Price at posting:
9.2¢ Sentiment: Sell Disclosure: Not Held
