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Dianor Resources Inc V.DOR



TSXV:DOR - Post by User

Comment by bishop13on Mar 31, 2012 5:53pm
325 Views
Post# 19743889

RE: RE: RE: RE: roll back

RE: RE: RE: RE: roll back

Antero, the more I think about it, what if the deadline does come and there is no money raised yet. to pay off TEC and Joe. Do they force the company into bankruptcy. Does Joe or TEC get the property or their respective rights? If so, what do they do with it? Sell it to another company... What would that company have to do to start mining? Well I would suggest that whomever gets the property, would have to go through the same process that Ryder and Dianor were forced to go through. They would have to once again, deal with the appropriate Ministries and reapply for all the permits that were granted to Dianor and they would have to submit their own mine closure plans to the appropriate ministries. You see, it is my understanding, that all permits and the approved mine closure plans were granted only to Dianor and I would also suggest, knowing how beaucracies work, that they are not transferrable. So any new entity that wants the property, will be set back months, if not years and spend a fortune just to get to the stage where Dianor is now at and still have no guarantee that they will be approved. Ryder spent months and months building up very postive relationships with First Nations, negotiating to get them onside. There is  no guarantee that First Nations would be as friendly with another group. Many uncertainties and very expensive for sure. My point is... if your rumor that the deadline is close for the forbearance term and if no deal has been reached from the U.S. firm or any other group, then it may be somewhat practical and prudent for TEC and Joe, if they want their money, to give the company more time to get the deal they want, considering the points I mentioned above. 

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