a new scenario - if SOC loses the claimThere have been many scenarios discussed about how the settlment may be reached.
I believe there will be a handsome payment to SOC in Canaco shares or a complete buyout (CAN buys SOC) and in doing so Canaco "purchases" the option on the ML and the Negese property.
The quick outcome assuming "SOC wins" - CAN has a bit more dilution, may trade down for short period, then ti will rebound and trade to new highs based on secured land holdings,and further exploration success. SOC shares trade up to a new high.
If "CAN wins" the quick outcome is as follows - CAN shares trade up, SOC shares trade down.
Sounds simple but I don"t believe that SOC will go away without a fight. SOC believes they have a valid option on the 7.2 gold filled acres that are worth a small fortune. SOC would force any "CAN Wins" decision to a higher court for legal review and a full lawsuit will begin. If a lawsuit is launched, NO ONE would have the ability to perform any work on the 7.2 claims in question until full resolution. WHO does this help - nobody!
Canaco needs to make a settlement to allow the property exploration and mine development to proceed.