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Ruby Creek Resources Inc RBYC

Ruby Creek Resources Inc. is engaged in developing a gold property. The Company's project includes the Gold Plateau Project. The Gold Plateau Project consists of property, which has artisanal gold mining activities. The Gold Plateau Project is located in southern Tanzania approximately 150 kilometers north of the Mozambique border. The Gold Plateau Project consists of around 15 properties of prospective gold mineralized territory. The Company has mining and processing equipment onsite and additional processing equipment. The Gold Plateau Project is situated at the eastern margin of the Selous Basin where the Karoo and young sedimentary rock are in fault contact with low to high-grade metamorphosed rocks of Neoproterozoic age belonging to the Mozambique Belt.


GREY:RBYC - Post by User

Comment by Yukon_Corneliuson Mar 02, 2012 10:14am
155 Views
Post# 19616939

RE: lawsuit question

RE: lawsuit question

Mermoo- I thought about that when we saw the article (not PR/NR from HNDI btw) about their suit. How/why in Canadian court- neither company is incorporated there.

I agree that it is a desparation move on their behalf, and even moreso now that we know it was in response to Ruby's filing in NYC State Supreme Court.

I believe the first course of action will be a motion to dismiss in CA and I believe Ruby will succeed. I won't speculate on the NYC case, but in light of the RBYC news, I don't see much evidence  HNDI can offer in defense. If I were a betting man, I'd say it gets settled and there won't be a protracted battle nor trial.

 

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