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Montauk Metals Inc V.MTK

Alternate Symbol(s):  GAYGF

Montauk Metals Inc., formerly Galway Gold Inc., is a Canada-based mineral exploration company. The Company is focused on seeking new exploration projects. Its subsidiaries include Galway Resources Vetas Holdco Ltd. (Cayman Islands), Galway Resources Vetas Holdco Ltd. and Sucursal Colombia and Galway Gold US Inc.


TSXV:MTK - Post by User

Bullboard Posts
Post by TripleR44on Feb 24, 2016 9:17pm
160 Views
Post# 24592356

Called the Company today for clarity

Called the Company today for clarityNo answer, one would think IR or mgmt would be available today.  I would like to ask a few questions. It seems a little odd we have a lengthy halt and a we give up with a no recourse press release sans the details. It is also a coincidence we are in the middle of a claims arbitration. I am not aware of any other companies in the area taking the roll over approach. What happens to the claims and agreements? Is arbitration over and done or delayed. What about the original payments made to claim holders?  Does the decision reference permitted mines with 400 years of history? Why would you not argue an existing footprint be mined and remediated? Has there been any discussion with the Columbian gov't or environmental department?  Is compensation being discussed? What input or recourse have the affected communities with existing historical mines?  This press release is biaise to the downside, almost too much so.  Yet the door is open ever so slightly about legal advise.  I would blow this out now that it is self declared g&a  shell like GWM but need some clarity or fine print on this decision first.  I would be choked if I unload for cash value then the fine print allows for a historical "operating" mine below ground or some other yet to be determined clause. Sooner or later mgmt will have to pick up the phone. 
Bullboard Posts