TAM 3.57% 2.9¢ tanami gold nl

Central Tanami Deal done, page-9

  1. 494 Posts.
    As much as it pains me to say it,

    if you have access to that article I think it says MetalsX is persuing damages in the order of >$200m, they filed a legal claim, as reported Aug 5th below.

    http://www.sbs.com.au/news/article/2015/08/05/metals-x-looks-more-distressed-assets

    "Metals X recently filed a legal claim against Tanami Gold over its decision to enter into a joint venture with Northern Star Resources concerning the Central Tanami project in the Northern Territory.
    Mr Cook said Metals X was "aggrieved" with the Tanami deal but he declined to say whether a further claim would be lodged against Northern Star."

    They and the cloud they bring are not going away, any time soon.

    P.S Strange no announcement from TAM about this event though.

    Regards MarkH
    Last edited by markh1960: 10/08/15
 
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