RE:What if..Serious question. Afraid I don't have a serious answer. Need to get the whiteboard out to trace who owns what, which legals could still be lost and what that would mean for various entities... See quote from recent NR for example:
"Altamura holds a controlling 65% interest in Xochipala Gold S.A de C.V. (“XG”), which holds the rights to acquire up to a 90% interest in a group of seven mineral concessions (the “Santo Tomas Concessions”) located in Sinaloa, Mexico. The registration of XG’s concession rights is subject to a legal dispute between Compania Minera Ruero, S.A. de CV. (“CMR”), which holds the registered title to the Santo Tomas Concessions, and third parties. CMR is the vendor to XG of the concession rights. Following an extensive legal review, Oroco management and Oroco’s Mexican legal counsel are confident that the legal dispute involves an unenforceable judgement, that the dispute will be favourably resolved, and that the concession titles will be registered to XG. Altamura’s interest in XG may be increased in stages to 90%, effectively an 81% indirect interest in the Santo Tomas Concessions, by funding up to CAD$30 million in property-related expenditures, with no minimum funding obligations (see the investment table in the Management Discussion and Analysis filed by the Company on October 1, 2018). In addition, Altamura holds an indirect 50% interest in CMR and an option to acquire both the remaining interests in CMR and the remaining equity of XG for US$18,000,000."
https://orocoresourcecorp.com/oroco-signs-option-agreement-to-acquire-additional-interest-in-santo-tomas-properties/
I see "unenforceable judgement" and I sure pay attention. Question then becomes: What do you think of Oroco management and Oroco’s Mexican legal counsel?
They say follow good people around this business, so that's why I'm here. Afraid I don't understand legals well enough to say how it could all go wrong, which certainly makes me uncomfortable.
Good news, I'm fairly comfortable with being uncomfortable... https://www.ted.com/talks/luvvie_ajayi_get_comfortable_with_being_uncomfortable?language=en