the silver mine if THO is out.
But THO is a board of directors. Now the Xincas have just replaced one board
of directors with another board of directors.
Also things like this can be easily voted on in 6 months. Sept of 2017 when the CC
highest court said there had to be a new vote, (by whoever, I still don't know sho. Just
the san rafael district or the surrounding districts too) should have been finished
by March of 2018.
But it is already 1.3 years.
THE CC or MEM wouldn't allow THO to reopen the silver mine. I think that the 2nd
highest court the supreme court in sept of last year did allow THO to reopen
the silver mine, but it was MEM (ministry of energy and mines), that wouldn't
renew the permit for the silver mine.
Then not setting a time table for the new vote, among whatever Xinca including
indigenous, and kept projecting it outwards in time, essentially guaranteed
bankrupting THO if it couldn't get the silver mine going.
Trying to fight that in Guatemala's CC highest court, or a world court, would
have probably taken years, so the MEM and Courts probably agreed with the
Xinca's to a deal, rather than lose the lucrative silver mine, and lose benefits
to the Xinca who probably wanted the benefits to be extended to the other districts
with Xinca's in them.
Of course THO could have agreed to that too, but were frozen out and debt
crippled out of the situation in an increasing indebtedness they couldn't maintain
because they couldn't reopen the silver mine.
The key was reopening the silver mine for THO to wait out and then have it
resolved in a vote hopefully.
Then who gets to buy THO then when the Xincas said no to the renewed
existence of THO's silver mine.
This is the article that said the 2nd highest court, the supreme court did allow
THO to reopen its silver mine. I think we got it from THO's IR person that MEM
the ministry of energy of mines, of Guatemala, would give THO a permint to
reopen the silver mine.
What a crock of shhiitt this has all been. Stupid UN and stupid indigenous natives.
From
A year ago Guatemala's 2nd highest court, the supreme court
did allow THO to reopen the silver mine.
by Bill Barreto; Editing by Alistair Bell
https://ca.reuters.com/article/businessNews/idCAKCN1BL00H-OCABS ""Last month (august 2017 the (highest court, the) Constitutional Court, Guatemala’s
top court of law, upheld a lower tribunal’s preliminary decision to suspend the two mining licenses over whether the indigenous community had been properly consulted by San
Rafael."
......
......
"Guatemala’s (2nd highest court, the) Supreme Court has ruled that the local unit of
Canadian miner Tahoe Resources (TAHO.N) (THO.TO) can restart work at its Juan
Bosco and El Escobal mines while carrying out a mandatory consultation of the local
indigenous population."
......
......
"The Supreme Court’s decision can still be appealed to the Guatemalan Constitutional
Court."
Me- No one had to, because I think we got from THO’s IR person that Guatemala’s
MEM (Ministry of energy and mines) won’t issue THO a permit to keep running the
silver Mine.
Like I said, the FIX was in. THO was being pushed out, somebody else was being
worked in.