glass half full view
maybe it's just because I have been invested in this so long hoping one day I can get my money back, but I did find it interesting that the potential damages due to lost revenue was 50 million dollars. Secondly, the comment about the KMP's desire to go it alone on the property as an independent contractor. Why would they want to do this if there was no value to the coal on the property. If it were me, sure throw the law suit out there to see what you can get (because well let's face it everyone does in the US) and walk away.
It appears, they still want in, why?
claiming damages between seventy five thousand dollars and fifteen million dollars. NAG is vigorously defending this claim from KMP. Firstly, KMP has targeted the wrong party since NAG (US) was the entity which contracted with KMP and not the Canadian based NAG. Secondly, the misrepresented claims are unfounded in light of NAG US's openness and cooperative work during KMP's due diligence period. KMP's claims of a joint venture agreement with NAG US will be defeated by KMP's actions and KMP's request for a new independent contractor agreement. Several counterclaims will be filed if the suit is not summarily dismissed. The counterclaims would be based on KMP's negligent mining operations and KMP's tortious interference with NAG's (US) business relationships.