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Gold/Mining/Energy : Copper Fox
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From: louel11/28/2015 2:44:32 PM
2 Recommendations

Recommended By
biggerbob68
Slushie

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" The company will vigorously defend itself against this claim and is presently considering all available actions that it may take " in order to protect its rights and reputation " "

I suggest the message here is in red, as one sentence. My suggestion they will come to an out of court undisclosed settlement. Reaching a mutual agreement could soften the losses she may have suffered.
On the company's behalf be declared as the best interests of public image. No company likes to have all their laundry aired in public. She was the CFO .


Canada's Internal Revenue love these situations. It can stir the attention of one of their auditors who will decide to scrutinize them. If they find an expense claimed or a irregularities which affected tax payable, (even unintentional) it gives them the right to assess it back 7 years. Then that can be picked up by the media. Not many companies are totally perfect.

Audits with some arrogant bean counter are a lot of hassle, Most companies just as soon avoid it. (From Experience)

The $150k @12% Desert Fox loaned out for 1 year last March on that AZ. property has only a few more months to maturity. If no repayment installments were made during the term. It should be around $168,000 So that should add a bit to the coffers.

Otherwise they can assume the property which was put up for collateral for approx. another $230,000.
Which in my opinion could be a better potential prospect than V/D when ever Cu and Mo prices return. I don't think the adversity to water permits would be as severe as it is near the metropolises.

Results from the latest drilling should be back soon. Hopefully positive and a better picture of it's potential, If not it may curtail expectations.

The results I suppose is should determine if Desert Fox end up with the $168k ? the property ? a 500k position of some potential, or a bit more desert.
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