RE: If this is a TRUE victory for CMMKooler Quote:
why is it CMM is still trading around 0.65 and SUE around 0.40? Sue should be down to 0.00 
This is irrelevant. But since you brought it up I don't think that a, one day, 21 percent decline is encouraging.
Kooler Quote:
Like I said, this is just around round in saga for the battle for Shahuindo. The market doesn't seem to think much of this "win" in this round. 99 more rounds to go.
This is where I believe you are wrong. The Peruvian Courts are tired of the delays. Here is a quote from a recent news release.
In a resolution of the 64th Civil Court of Lima dated June 25, 2007, the Court further warned Sulliden’s legal counsel that if it continues to make unfounded petitions to the Court causing unnecessary delays in these proceedings, the Court will apply legal sanctions against Sulliden and its counsel.
Importantly, this Court openly recognized that Sulliden has been causing unnecessary delays by entering motions that have no reasonable legal basis; all in a manner inconsistent with the obligations of honesty and good faith.
The only course of action SUE has is to delay the outcome in hopes of frustrating the opposition into relenting, regardless of who that is. The fact is the courts know it and are tired of it. There will not be 99 more rounds.
In addition, Canada and Peru recently met and signed FIPA, Foreign Investment Protection and Promotion Agreement.
Quote:
FIPAs are bilateral agreements that protect and promote foreign investment through legally binding rights and obligations. They encourage two-way investment by giving investors the predictability and protection they need as they pursue business opportunities in foreign markets.
Here are the links;
News article https://www.davidemersonmp.ca/EN/3170/47171
The Agreement
https://www.international.gc.ca/tna-nac/documents/Canada-Peru10nov06-en.pdf
There is no way that any court is going to allow a publicly traded company to be sold by a manager without the consent of the shareholders, especially given the agreement made by the two Countries involved. The Peruvian Government knows that you will not instill confidence in foreign companies by allowing a ruling in SUE's favor. Who would invest capital in a country where anyone could sell your company, for any price, to anyone, without recourse? It's a precedent setting case that simply can't and won't happen in favor of SUE.
The Court's message is clear. Back at ya