Replies to post #23293 on Beacon Redevelopment Industrial Corp (BCND)

[bobky]

thanks! eom

[Mango]

"...Dominion presently has no rights to operate their storage facility on our land. If we choose to allow them to lease it or to purchase an easement, we will require language that protects our mineral rights...."

I like that part.


GLTA

[machcobra]

Thanks nupapa for sharing...

Under clear terms! One thing about Adam Marek, he sticks to his guns!

Regardless, under the clear terms of the 1954 agreements with the prior property owner, Dominion presently has no rights to operate their storage facility on our land. If we choose to allow them to lease it or to purchase an easement, we will require language that protects our mineral rights.

[Kristallweizen]

Thanks very much for that update "nupapa"

[wannabanana]

It's refreshing to see such professional responses, especially in pinky world. Most definately Dominion's award sets a legal precedence for case law in favor of Beacon. As he said though, they will most likely appeal. I wonder though if this legal issue will halt further endeavors to extract, excavate, drill, etc.? Beacon seems to have the upper hand here, JMO, Beacon could name their price.