Good Morning MMTEers! Just a little clarification for all, the lawsuit is not "dropped" in the legal sense because a judge has not yet ruled on the disposition of the case. That said, the situation looks very good for MMTE because the plaintiffs never followed through with serving papers and did not attend this meeting. The lack of follow through by the plaintiffs tends to upset the judiciary which must eventually rule on this case, and an explanation will certainly be required if they do decide to pursue this issue. All should note that the judge will not be happy if he feels the plaintiffs were merely wasting the courts time. In my own experience, if the plaintiffs feel they have a strong case, they are generally more than happy to follow through with all necessary requirements. Hence, one can assume the case is weak or without merit and will likely be thrown out in September.
What is important for investors, in my opinion, is that this gives a green light to William and Mammoth Energy to continue forward with their business plans. I expect news of more concessions shortly, and news of other and perhaps more important issues - like the two groups from Canada who are working closely with William. These two groups will likely hold the key to Mammoth Energy's future, and this information combined with this new Board of Directors will likely lead to many more clues for our future investment.
While the laws in Chile have not yet changed, a meeting of the national mining commission is scheduled, and decisions are expected by the end of this year at the latest - decisions opening the country for lithium mining could come much sooner and perhaps as early as this fall. Once Chile's mining regulation are modified, the value of MMTE's mining concessions will likely appreciate (perhaps greatly), as William was able to pick these up for a song without this ruling. In my opinion, this is a ground floor buying opportunity. However, each investor must decide on their own. Keep in mind, concessions obtained in Argentina (Bolivia and Mexico as well if William decides to go there) can be mined immediately after impact statements are filed, and a public processing facility already exists in Argentina and Bolivia to reduce start up costs.
Much talk has been posted about mergers, joint ventures, partnerships and the resultant changes to share structure and share values for all investors. I suggest that these dreams may very likely come true, and that the time of this life altering dreaming is much closer than some might think.
Kgem
