GREY:HRIVF - Post by User
Comment by
discern1on Jun 01, 2011 11:56am
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Post# 18656411
RE: RE: RE: RE: Prognoz court case finalized?
RE: RE: RE: RE: Prognoz court case finalized?I emailed John Helmer to receive some clarity on the Prognoz proceedings.
My questions:
I have found it difficult to understandthe actual litigation that has been going on in Russia. Press releaseshave been minimal and have felt rather cryptic. From your understanding#1 is there any oustanding court proceedings occurring regarding Prognoz?And #2 did High River Gold leave the bankruptcy proceedings retaining its50% rights to the Prognoz property?
Johns response
I'm not sure that all courtproceedings have been wound up -- Mordashov has every reason to keep up thepressure. Yes, HRG/Buryatzoloto/Mordashov have left the bankruptcy proccesswith their 50% intact, but without the other 50% they wanted.