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.

Yukon Nevada Gold Corp T.YNG



TSX:YNG - Post by User

Comment by Vankedon Sep 24, 2009 1:23pm
198 Views
Post# 16335551

RE: RE: RE: RE: Some thoughts

RE: RE: RE: RE: Some thoughtstalkswitch is right in that the litigation, if it goes forward, would likely be long and bloody and very very costly both in terms of legal fees and in terms of the delay that a court would cause in any mine development if something like an injunction were granted pending court resolution.

The more likely scenario is that a settlement will be reached beforehand - junior miners are usually not very interested in pursuing long legal battles - the world is in the here and now.

As for merits of the case, unless you review the contract and the obligations each side had under it, then its likely anything you say is pure guesswork.  Golden Eagle likely had specific obligations under its contract - if, as YNG asserts, it violated those obligations it was in breach of the contract.  However, those contracts usually provide for a notice period and a cure period in which the breaching party has some time to cure their default.  Golden Eagle asserts that it was notified of the termination of the contract with 3 hours notice.  If that's true then YNG will have terminated inproperly and will be liable for something, but what and how much is anyone's guess.

I doubt that based on how acid this relationship has become that any judge would order the contract to go ahead - YNG as owner and Golden Eagle as operator - it would be untenable.  Damages, if any, will be the order of the day.
<< Previous
Bullboard Posts
Next >>