HDG 0.00% 1.0¢ hodges resources limited

further to my previous post, there as been no settlement of the...

  1. 324 Posts.

    further to my previous post, there as been no settlement of the legal proceedings, from the copy and paste from the 2018 report.


    Moiyabana Coal Project The Moiyabana project (PL93/2007 and PL94/2007) is located approximately 70km from the operational Morupule mine and Colliery. As stated in the ASX announcement dated 27 August 2012, the Hodges Board decided that it would abandon its option under the Moiyabana Project Heads of Agreement and requested the repayment of the refundable $US3 million option fee originally paid to the existing Jaquar Ventures (Pty) Ltd shareholders. Hodges is continuing with its legal proceedings over the non-payment of the refundable option fee from the vendors of the Moiyabana project. The next court hearing is scheduled for May 2019.


    Also this was from 2016 report

    Significant events after balance date The Company was delisted from the ASX on 29 August 2016 under ASX Listing Rule 17.15. It has continued to try and resolve its Jaquar legal case in Botswana as well as explore asset sale options in order for Hodges to re-list on the ASX. It should be noted that the Company was served with a Prosecution notice for alleged breaches of sections 319(1), 320(1) and 250N(2) of the Corporations Act 2001. The Company pleaded guilty on 9 June 2017 to the charges that relate to the non-lodgement of the Company’s financial reports and meeting the Company’s annual general meeting requirements as a disclosing entity and Australian public company.

 
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