RE: Ultimate timing.8 Oct 2025 12:22
Good question Re-Tard, the answer is self explanatory to anyone with an IQ. The moment the 2022 agreement became lawful then makes all knowingly associated posts by Mushy trolls then applicable in the breach case, and it only takes a few of those known posters to be proven to be associates for the case to have an additional element proving the "breach". Subsequently the later injunction has been breached
Hence the two following RNS exerpts !.
"As part of the ongoing efforts from a former director of the Company and Zambia Mineral Exchange Corporation Limited ("Zamex") to interfere in Arc's affairs and the affairs of the Company's associates, which is prohibited under the Zambian Settlement Agreement (as defined below), Zamex filed a writ of fieri facias ex parte (without Arc being represented), against Arc, its joint venture company (Handa Resources Limited) and others in 2024 in the Zambian High Court (the "Writ"). The Writ sought to recover up to US$650,000 in alleged damages from assets held in Zambia from the parties. This was issued in connection with allegations of a default of the March 2022 Settlement Agreement (see announcement dated 18 February 2022 for details of the Settlement Agreement) (the "Zambian Settlement Agreement"). The Zambian Settlement Agreement was incorporated into a Consent Judgment at that time (see announcement dated 16 March 2022), giving it the full force of law.
2.The Directors believe that the ex parte Kitwe Order obtained by ZAMEX is a clear act of interference in Arc's affairs and the affairs of the Company's associates, which is prohibited under the Injunction and the Zambian Settlement Agreement. Similarly, it is an attempt to disrupt and litigate two separate ongoing cases in the High Court of Zambia. Arc has submitted applications to both of the High Court judges for leave to commence contempt of court proceedings against ZAMEX and its directors, personally.
The Company's lawyers have advised that impropriety is evident in both the documentation submitted in support of the Writ, as well as the process followed, not least because there has been no default on the part of the Company with respect to the Zambian Settlement Agreement. The Writ was immediately subject to a court-ordered stay of execution, which is being replaced by a new stay of execution that is already in effect. Whilst the Writ is being challenged in the courts on the basis of these irregulatities, the recent conclusion by the judge in the Zambian High Court supports the Directors' full confidence that the Writ is and will be declared invalid."
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