Check out this Erin Chutter interview from 2014 -
https://www.midasletter.com/2014/04/ceo-interview-global-cobalt-corp-tsx-vgco-ceo-erin-chutter/ - Very optimistic back then.
I've been trying to find new information on the current court case but have come up empty. Here is some interesting info regarding what may or may not be the issue:
1) Russia (Putin) signed a law on April 2008 that has special restrictions to foreign companies who are involved in strategic sectors of Russian Business - Cobalt is listed as a mineral of strategic value in Russia.
2) ARM (AltaiRudal Metal), a sub of IMHL, was granted a deposit licence in January 2006, so the above should not be an issue
3) EBRD (Euro Bank financing the project) recorded the minutes for a meeting (Jan 8 2008) to approve a $30M equity investment to IMHL to implement prep work for the Karakul Mine.
4) Outside of the above noted minutes, there is no record of any loan going to IMHL, not on any public project reports, annual summaries, even several board members have refused to answer questions when directly asked about the $30M investment and Karakul.
Number four is most perplexing. Why is this project not being made public knowledge through public records and/or media? Why such secrecy? Maybe it's nothing, maybe it's something. time will tell.
I am pretty much exasperated with this stock. There is soooo much potential and yet for years and years, one management team to another, nothing gets done. Sigh......