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Gold/Mining/Energy : SOUTHERNERA (t.SUF)
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To: Goalie who wrote (873)4/18/1998 5:29:00 PM
From: Tomato  Read Replies (2) of 7235
 
Let me see if I can remember my law school stuff from a couple decades back...
Britsh common law countries (which I assume S.A. is) usually have their courts divided into law and equity courts (Chancery), or have both combined as in the US.

On the law side, if a litigant doesn't file a claim in the time allotted by law, they're barred by the applicable Statute of Limitations.
On the equity side, if a party sits by and does nothing to enforce it's rights when it had or should have had notice that its rights were being violated, it is generally barred from enforcing any claim of right by the concept known as laches.

It sounds to me that the heirs or their corporation should be barred by one of these two concepts of law and equity.

Having said that, I recall being a Public Defender in southern California. One day a Chicago attorney came into the office and asked to talk to me. After introducing himself, he explained that he was representing a client charged with drunk driving. "Where do you go here to pay off the judge?" he asked. The bottom line is that where an outcome is in the hands of a court, it's very hard to predict what will happen. I'm amused by Bob Bishop's handicapping of the KRY-Placer Dome appeal. One would think he would have learned something when he sat in on the oral arguments in the Gold Standard appeal and told his readers that Gold Standard would most probably win. They lost.

What I'd like to know is whether or not SUF has clear title to the rest of Klipspringer, or whether more heirs could climb out of the woodwork. Also, does anyone have an estimate of the value of SUF's properties and what percentage Marsfontein is of the total. I know what CJ says. What do others estimate?
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