RE: Lawsuit Hi glorieux3, based on what I observed at the AGM I'd say the chances of immediate settlement at 20% of original $500 MM suit is < 1% likely. 6 land holders have settled for $4.9 MM already. I've posted earlier about commentary at the AGM about how silly it is to spend precious cash that CMK has left on legal matters - just settle for $2 MM and move on - but CMK, it seems would rather go bankrupt going to court - I've seen this before with Westfort Energy (very sure of a huge claim but ran out of cash and declared bankrupt). Too bad. Best regards, mski
https://www.cbc.ca/news/canada/british-columbia/story/2012/05/30/bc-flathead-cline-mining.html
the B.C. Energy and Mines Ministry issued a statement, saying the two sides have been attempting to negotiate a settlement but remain apart.
"There are 10 mineral tenure holders in the Flathead Watershed Area and we've settled with six of them for a total of $4.9 million," said the statement.
"We are far apart on negotiations with Cline which is one of the tenure holders and have been trying to come to a reasonable settlement."
The ministry statement said there would not be further comment because Cline's claim is now being before the courts.