The time to make a judicial decision is exactly the length of a piece of string.Like all of us I wish I had the magic date we will receive notification from the SC, but I don’t. Previously my conviction was strong for us to have had an outcome by Feb/March. How wrong was I?
However, with the 16 sitting judges of the SC and the ~6000 cases they review/receive each year that is 375 cases per judge per year.
I assume they don’t work weekends so that’s ~250 working days per year which equals 1.5 cases reviewed each day for each judge.
What does that mean? Absolutely nothing! Do judges pick up a case and finish it before opening another? Do they collaborate with other judges on cases? Do they have KPIs for the number of cases they must conclude on? Should they? Does it really matter?
Fact is it’ll happen when it happens and in the meantime there is nothing we can do.
I don’t buy in to any conspiracy theory raised either here or over at “the other place.” Judges are busy and with no cost/consequence imposed on those requesting leave for appeal they will remain busy (and no doubt underpaid in their own eyes).
No matter what is happening in the back ground or how things operate in the walls of the SC we will get an outcome only when we get an outcome. (I’ve amazed myself with how profound that sounds)
Hang in there good folk, we are surely nearing the end of “this” roadblock, hopefully with the result we all expect.
Justice delayed is justice denied
WheresTheMonkey
Regular
Holy F**k they have yet to get to our case because of a backlog
Dysfunctional justice system.Holy F**k they have yet to get to our case because of a backlog
Let’s hope the fact that it took Botnia Exploration 10 months for the SC to squash the leave to appeal request is not an indication of how long it may take them to ‘process’ Talga’s.Holy F**k they have yet to get to our case because of a backlog
10 months to get to the case back in 2021 would have certainly blown out to 12 months in 2024 with the ever increasing number of leave to appeal requests that the SC receive.
Certainly is a joke! We hold with bated breath….
WheresTheMonkey
Regular
Well it least we are now done with the conspiracy theories including one I supported that it was being held back due to the CRMA having legislative override.
@BigDog and @cosors I recall thought it was the SC workload well you have been proven correct. There are others of course
Perhaps with this "Please Hurry Up Because..." letter to the Court we might see a reply earlier given the Court gave the Nimby's a far too generous extension of time to get their shit together.
MT didn't say when TLG sent the letter to the Court he only said recently which is I suppose was maybe 2 weeks away given he would know he would need to give us all an update for the webinar.
Maybe it will be dealt with in a shorter period of time than we think.
We are certainly due for some good fortune I would think
WheresTheMonkey
Regular
Semmel
Regular
Well, with the SC of appeals beeing under a DOS attack (overload the organization with bullshit requests), this type of letter will for sure be send by everyone, negating the effect. I have zero, and I mean ZERO faith in the time efficiency of anything in Swedish court system. The decisions are usually quite reasonable so far but the timing of it has never been in our favor even once. I dont see this changing direction now. We all can start collecting money for the next capital raise.
Rayster
Emerged
Yes. The 100k extraction is an average over the permitted period. That said I would expect phase 2 to be very close to phase 1 with the tail winds of the CRMA behind us. The one thing that stood out for me was what MT alluded to for phase 3 being.. just dig it all up. Let’s find how much is actually down there and let’s dig it all up. (Paraphrasing there.) That is expected to be 170m/t to 200m/t.
Hmmm
! Perhaps but perhaps not. I agree that if this type of letter is sent by all in a similar position to TLG then this will certainly draw out until around October. However, I wouldn’t expect every “defendant” (i.e. Talga) that has a case put up to the SC to be as time critical in their plight. Preparing and sending these letters would most certainly come from legal representatives of “defendants” which doesn’t come for free in most instances and not all cases that go to the SC have such enormous amounts of money at stake should delays occur.
I’m living in hope that the letter gives the SC judges a wriggle on.
The need for another capital raise at a pathetically low share price will hopefully only come if this thing draws out beyond another 4-5 months at least.
MT mentioned that the purse strings have been reigned in and the bulk of recent spending was to undertake activity to have TLG in a position to press go when the appeal is squashed without further delays, or for one off big ticket items that won’t drain the bank account any further.
I’ve been wrong many times before and could be again but I remain positive that we will have an outcome before the money runs dry.
In the event that a CR is needed and I eat my words, is it the end of the world? No!
If we are hovering around this $0.70 mark and a CR is done at even worst case $0.50 and another $15m is raised to keep the lights on that is another 30m shares added to the registry. With currently 386m shares (I think it’s something like that and can’t be bothered checking for accuracy) on offer another 30m is still very small in the scheme of things.
I think you’d be hard pressed to find another company this advanced and with such upside potential that ONLY has ~400m shares on offer.
Time will tell!
