zonte metals

Sorry for the double post!

GoldnBoy,

I'm not following the detail so pardon my ignorance of the specifics. What I know is that OTTO had BTO as a top pick for years so it's not like BTO was a co he had a passing interest in.

The former Minister Is getting paid so that's a good starter reason to take the case. I don't know what's at risk here, how material potential impact Is if this lawsuit went south for BTO. However if the have not provided adequate detail in the MD&A they ridk a potential class action law suit.

Would they acknowledge the CLaim 'at risk of giving it legitimacy', if they thought they had potential exposure? Darn right I would expect this, 100%. So do they acknowledge this suit anywhere?

GoldnBoy,

I'm not following the detail so pardon my ignorance of the specifics. What I know is that OTTO had BTO as a top pick for years so it's not like BTO was a co he had a passing interest in.

The former Minister Is getting paid so that's a good starter reason to take the case. I don't know what's at risk here, how material potential impact Is if this lawsuit went south for BTO. However if the have not provided adequate detail in the MD&A they ridk a potential class action law suit.

Would they acknowledge the CLaim 'at risk of giving it legitimacy', if they thought they had potential exposure? Darn right I would expect this, 100%. So do they acknowledge this suit anywhere?

maybe Thats why over the last few years, this has gone from
Strong Buy (back up the truck) to Buy, and its a Hold.

risk of potential impact to the Project, as low. If the legal precedent maintains, the status quo of the mining area should maintain as well. The “corridors” or graphic defects of the National Mining Cadastre are not considered as free areas, and in case they should be considered a free area, Gramalote would have a first right in time as it is the first applicant


Risk is low, they will and are waliking all over zonte.
Gold is a t a record all time high, and this stock as no volume.
I second, that nobody cares about this, even the company.

I think the main thing here is that no body cares. No body is buying regardless of claim disputes, metal in the ground , potential of properties.
This has been going on for over 13 years with a small blip of interest back about 3 years ago.

31Floors, yes, but do you really expect BTO to admit that Zonte claims are ligit?? They have just said they are without merit to past enquires .

Of course both sides say the opposite, it will be up to the courts and that is a slow process. Also consider - are the Colombia courts going to side with big mining corporations or the small Colombian miners?? (Zonte's partners).

Zonte's legal counsel is also the former Colombian minister of mines. I doubt they would take a case on if it has no hope?

Found claim dispute reference in Anglo's document, go to page 8 '1.5 Legal Aspects and Permitting'

Point iv

"Gramalote has 17 Land Restitution Proceedings and although the risk is low the legal processes could hinder or delay some activities. " They go on to list the Zonte claims and issues in a few paragraphs. This came out in February 2018

thevault.exchange/?get_group_doc=143/151...erveforGramalote.pdf

Has anyone bothered to just call BTO up? Surely someone has after all this time of questioning this lawsuit. Maybe they didn’t like the answer? I asked Otto and he said the suit was crap.

Flynn, I don't think courts are in a habit about making statements on cases, but I think you are right about public access, at least up here.

We just need a volunteer to go to Colombia and try to get it.

I will see if I can find it again from Anglo

Several months ago I sent an email to Zonte IR asking if the Gramlote lawsuit was still active or if it had been resolved. I never received a reply but the new Investor presentation reports on slide 22 that it is still active. If this was not the case the information would be misleading and subject to legal action.

alex, good find, forgot about past coverage. it also made it in anti-corruption digest

anticorruptiondigest.com/2017/07/06/cana...ction/#axzz6UM5CEjEH