RE: no settlementmuckerman if you slowed down a minute you could see the intent of the letter is clear. Yes the deal isn't done yet, but one impediment is out of the way. Yes Canaco will have to deal with Dr. Kigoda and that is likely something that should have been done sooner. But all the finer details behind this license are not known to many of us. The Commissioner made it clear that the license Dr. Kigoda has is within the lic that CAN has. Therefore it is up to CAN to sit down with the Dr. and come to an amicable settlement. Once this is done Canaco can mine the property on its present license. Dr. Kigoda could either surrender his license after receiving fair compensation or could make other arrangements to allow Canaco to mine the block as part of their existing license. Or a JV agreement. What ever the final arrangement looks like is not material as long as it works.
The license Dr. Kigoda has was not designed for foreign ownership. For some reason no one can grasp that.
It is also apparent the government feels Canaco will bring the property to potential and is supporting this effort. We have to realize when operating in a foreign jurisdiction we are invitees. This means we are more or less guests in another country. Every country in the world has their own methods of governance and their own way of resolving disputes. Sonora would be making a big mistake to take this to court in Tanzania. As another person stated earlier today they can go out and find themselves a stake the same way everyone else does. We all wish them well in that pursuit. Perhaps the other property they own in Tanzania will prove to be of value, if they haven't burned too many bridges over this issue.
Good luck!
JMHO
A