Doug,
This is what is before the Supreme Court(CSJ) at this time:
The action asks the court to rescind eleven separate actions of MEM(Ministry of Energy & Mines):
1. the purported grant of an alluvial copper concession title over Cristinas 4 to CVG
2. the purported grant of an alluvial copper concession title over Cristinas 6 to CVG
3. the purported grant of a vein copper concession title over Cristinas 4 to CVG
4. the purported grant of a vein copper concession title over Cristinas 6 to CVG
5. resolution CJ-15 of the MEM, which denied renewal of Mael Cristinas 4 title
6. resolution 096 of the MEM, which purported to extinguish Mael's Cristinas 4 title
7. resolution 142 of the MEM, which purported to terminate Mael's Cristinas 6 title
8. resolution 217 of the MEM, which denied Mael's opposition of grant of copper concessions to CVG
9. resolution 251 of the MEM, which purported to issue vein copper titles to CVG
10. resolution 253 of the MEM, which purported to issue vein copper titles to CVG
11. resolution 255 of the MEM, which purported to issue vein copper titles to CVG
All of the motions filed are related to Mael's ownership of the alluvial gold concessions at Cristinas 4 & 6. According to Venezuelan Mining Law, vein gold and other mineral alluvial rights (including copper) are subsidiary to the alluvial gold concessions, and cannot be claimed without a concession title.
And we KNOW Mael(KRY) has the concession title because of the previous three ruling by the CSJ. Besides, The Admission Judge - in July - also acknowledged that Mael produced evidence that the registered concession titles are in the name of Mael.
So you see, Mael(KRY) is NOT waiting for the court to rule on its title, but to CLEAR away the cloud put on the title by the MEM resolutions.
Regards,
Ken |
