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Great Panther Mining Ltd GPLDF

Great Panther Mining Limited is a Canada-based precious metals producer focused on the operation of the Tucano Gold Mine in Brazil. The Company controls a land package covering nearly 200,000 hectares in the prospective Vila Nova Greenstone belt. The Company has three wholly owned mining operations including the Tucano gold mine, which produces gold dore and is located in Amapa State in northern Brazil. In Mexico, Great Panther operates the Topia mine in the state of Durango, which produces concentrates containing silver, gold, lead and zinc, and the Guanajuato Mine Complex (the GMC) in the state of Guanajuato. The GMC comprises the Guanajuato mine, the San Ignacio mine, and the Cata processing plant, which produces silver and gold concentrates. The Company also wholly owns the Coricancha Mine Complex, a gold-silver-copper-lead-zinc mine and processing facility in the central Andes of Peru. It has a portfolio of exploration projects: El Horcon property, Santa Rosa, and Plomo property.


GREY:GPLDF - Post by User

Bullboard Posts
Comment by mr_man_0915on May 18, 2007 11:11am
301 Views
Post# 12804640

RE: T/A realities

RE: T/A realitiesHi Mr. PMP... FWIW, I'd suggest there's no question about that. As I said previosuly, I don't really know anything about the Mexican legal system, but its likely safe to assume it has some similarities to those of other developed judical systems; one of those being that there is a limitation period within which a prospective plainitff must file their action with a court of competent jurisdiction to hear the case. Litigants very frequently defer filing the claim until the limitation period is set to expire in order to mitigate against possible claims for defence legal and other costs as discussed previously, but no question that, almost always, the subject matter of the dispute is and has been known and responded to before initiation of the formal legal proceeding. In our jurisdiction, its also common to waive the requirement for filing a defence (for mitigation reasons) while the parties continue to pursue less formal channels seeking resolution. One of the circumstances that might prompt an early filing of the claim is if the other side is non-responsive to informal attempts to resolve the issue...then you might sue right away to avail yourself of pre-trial discovery and depositions, etc...it is possible that an internal process or review as between the collective and its complaining members occured (I have no knowledge of that) and perhaps gpr wa snot involved there until it broke down and the suit initiated...nevertheless, the likelyhood that the first GPR or those close to it only found out about this issue at contemporaneous with the NR is about zero, or damn close to it. regards;
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