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St Augustine Gold and Copper Ltd T.SAU

Alternate Symbol(s):  RTLGF

St. Augustine Gold and Copper Limited is a Singapore-based mineral exploration company. The Company is focused on the King-King copper-gold project on the island Mindanao in the Philippines. The King-king tenement is comprised of approximately 184 mining claims that are owned by Nationwide Development Corporation (NADECOR). The Project is a copper-gold mineral reserve located at Sitio Gumayan, Barangay King-king, Municipality of Pantukan, Davao de Oro, on Mindanao Island, Philippines. Its deposit is a porphyry copper-gold deposit hosted primarily by porphyritic hornblende diorites, submarine volcanic rocks, and volcanoclastic sediments. The sulfide copper mineralization in the King-king deposit consists of chalcopyrite and bornite, with lesser amounts of chalcocite, digenite, and covellite.


TSX:SAU - Post by User

Comment by Robert1on Apr 19, 2014 11:46am
129 Views
Post# 22469082

RE:RE:RE:It seems

RE:RE:RE:It seems John,
In a Common Law jurisdiction, the answer to your question would be yes, the board would be able to obtain an injunction preventing the wrongful board from holding themselves out as the board of NADECOR and shut down the other website, etc unless the Supreme Court was in the process of healing the appeal in which case the injunctive relief would be deferred until the Supreme Court made its ruling.      In the Common Law there is a limitation period by which a party may appeal to a higher court, though I don't know how the law works in the Phillipines.     
  
The Ricafort clan has ties to the President, something i posted earlier, through the President's uncle.      I'm guessing its politics that prevents the Ricaforts from throwing in the towel or any further action like an injunction being taken against them.      I believe that much higher gold/copper prices could be the catalyst for the parties to reach a settlement as greed will finally trump egos.       It's hard to just sit there while seeing billions of dollars passing you by.

The key to gold prices is the USD.   The key to the USD is Abe and Yellen.    Abe may well insanely print more money causing the Yen to fall further against the USD but there will come a day when inflation is so bad in Japan he will have to halt the printing.    Around the same time, Yellen will likely have to stop the taper and start up the printing....that will cause a terminal decline in the USD giving huge support to gold.         I'm guessing this will occur later this year, in the fall.

Robert









 




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