It may not be important to you.
But I’m not so sure all DNI investors would feel the same way about non-disclosure. I think the verdict you are referring to would be from the December 2017 Court hearing. The outcome of that hearing in the Court of First Instances was not fully
in DNI’s favour and confirmed dysfunction and abuses by DNI toward the Landowners. The case was then referred to the Court of Appeals with the hearing scheduled for the end of February 2018. I could be wrong on this point, but as far as I’m aware that decision is yet to be handed down. I fully agree with you on one point though Checkmate. The company is not required to disclose information relating to local issues that may currently be under negotiation, but this is now well past the negotiation stage. DNI, as part of the CSE listing rules, is required to advise their shareholders of any current legal proceedings which it clearly has failed to do in their answer to question 12 in the last three CSE Monthly Form 7s.
In reference to your comment “Now as always, there might be someone not happy, an opportunist looking for something not deserved, but I believe in this case, the people who are complaining are not the locals who own the land, but rather persons outside the immediate area. Can you confirm different?”
Yes I can. As you would be very aware, Madagascar is rife with corruption at all levels of administration/authority. Taking that into account, the Landowner’s Legal Team put certain high level officials on notice prior to the Court hearing. This letter was sent to the Gendarmerie Nationale Secretary of State
, Toamasina Group Commander
and Brickaville Company Commander
prior to initiating the court action. A similar document was sent to the BCCM
. It’s from the miningwatch website but it’s not a miningwatch article. It not only portrays a very different story to yours regarding the locals but it also confirms the Court’s position on the current status of the permit, documenting it as a PRE in the name of Mamy Randrianasolo. https://miningwatch.ca/sites/default/files/press_release_sif_dni_metals.pdf
The rest of your post relates to matters that will be dealt with in the Arbitration Hearing. They have been thrashed about ad infinitum on forums so there is no point going around in circles with that debate anymore. CGM has maintained the same position from the onset but DNI seems to be telling an evolving story. The Arbitrators will take all of these factors into account when they make their final ruling.
I noticed on stockhouse that floridas2000 wants news. I’m sure investors would value updates on the current status of the following;
• 2,320 metric ton graphite delivery to the USA that was due in Dec 2017.
• DNI’s processing plant proposed to be constructed by Jan 2018
• Results from the 28 ton bulk sample delivered to India in January 2018.