My summation of the interview today30 Jun 2023 23:40
I was really impressed with GR today. Indeed more than at any other time. The Force Majeure in contract law I had never heard of and it is a complete killer as far as Canmax is concerned
1 Canmax have a contract with Prem Afr
2 that contract has been impacted by aspects outside of Prems control
3 A F/M existed
4 Because it exists neither party can change or cancel the contract
5 Stark have failed to deliver
6 Stark say they will deliver inside 14 days
7 Prem Afr will produce at 50% inside two weeks
8 the ore stockpiled needs to be further processed b4 selling
9 George will ensure the short term cashflow needed over the next few weeks will be covered and he will do this with his own capital if necessary
10 Re 9 he has spoken to others who would do this also
11 George would like Can max to renew contact discussions
12 Prem Afr has spoken to other interested parties prepared to be involved in the JV Inc trading houses
13 I am expecting the sp to rise quickly next week on the back of that
NEXT UP
STARK!!!
CANMAX???