Join today and have your say! It’s FREE!

Become a member today, It's free!

We will not release or resell your information to third parties without your permission.
Please Try Again
{{ error }}
By providing my email, I consent to receiving investment related electronic messages from Stockhouse.

or

Sign In

Please Try Again
{{ error }}
Password Hint : {{passwordHint}}
Forgot Password?

or

Please Try Again {{ error }}

Send my password

SUCCESS
An email was sent with password retrieval instructions. Please go to the link in the email message to retrieve your password.

Become a member today, It's free!

We will not release or resell your information to third parties without your permission.
Quote  |  Bullboard  |  News  |  Opinion  |  Profile  |  Peers  |  Filings  |  Financials  |  Options  |  Price History  |  Ratios  |  Ownership  |  Insiders  |  Valuation

Emerita Resources Corp V.EMO

Alternate Symbol(s):  EMOTF

Emerita Resources Corp. is a Canada-based natural resource company engaged in the acquisition, exploration and development of mineral properties in Europe, with a primary focus on exploring in Spain. The Company has a 100% ownership interest in the Iberia Belt West (IBW) project located in the Iberian Pyrite Belt in southern Spain. The IBW Project encompasses three polymetallic deposits. The IBW Project is located in the western part of the belt, adjacent to the border with Portugal, approximately 144 kilometers (km) west of Seville and 50 km from the port city of Huelva. The Nuevo Tintillo Project consists of one exploration permit comprising 227 mineral claims in Seville province, in the Western part of the Iberian Pyrite Belt and covers over 6,874 hectares. Its La Infanta Sur Project consists of one exploration permit comprising 28 mineral claims in Seville province, in the western part of the Iberian Pyrite Belt and covers over 848 hectares.


TSXV:EMO - Post by User

Post by urai58on May 28, 2021 5:49am
97 Views
Post# 33284409

Aznalcollar: On the status of the case against the 9 defenda

Aznalcollar: On the status of the case against the 9 defenda
Let's go first to the source of the information: Decision of Juzgado de Instruccin 3 de Sevilla, Patricia Fernndez of early February 2021:
 
I strongly recommend reading and understanding this article carefully:
 
The judge did not decide anything other than that the prosecution must present an indictment to the competent criminal court in Seville (juzgado de lo Penal de la capital andaluza).
 
But the defense of the 9 defendants (not accused) will challenge the decision of Judge Patricia Fernndez.
 
Noticed: (...)and the prosecution have repeatedly pointed out that there was not the slightest hint of foul play in the decision to mine Seville. "
 
This means that if charges are nevertheless brought against the 9 defendants, the first instance will be decided by the Criminal Court in Seville. In case of a guilty verdict, the 9 defendants will almost certainly take the case to the next instance (Juzgado Central de lo Penal, Madrid). It will probably take many months, if not years, before a final verdict is reached.
 
And after the guilty verdict, an administrative court will have to hand over Aznalcollar and Minera los Frailos to Emerita Resource. Part of this procedure should be the clarification of the more than 100m USD for the removal of the environmental damage as well as care and maintenance of the mine and the investments made by Grupo Mexico until then. Also this procedure through all instances should last many months if not years.
 
I maintain that at this point Aznalcollar has absolutely no value to Emerita Resources, there is far too much uncertainty and the proceedings may take many more years. 
 
urai58
P.S. Here is the court system in Spain:
https://de.wikipedia.org/wiki/Gerichtsorganisation_in_Spanien
 
 
Translated with www.DeepL.com/Translator (free version)
<< Previous
Bullboard Posts
Next >>