Hello,
as far as I read into the story, FRN is putting forward a request for tenement for the land north east of De Grey. This has not been granted as of now. Reading from the attached announcment. This rather being a question on my end, as I am trying to find out myself.
https://www.frmetals.com.au/uploads/1/7/9/2/...kage__004__-_final.pdfGoing back to specifically this land package, it was previously or still is held by Pacton Gold. Which highlights it also their claim map:
https://www.pactongold.com/_resources/images/WA_ClaimMap_20190130.jpgThis piece of land, now for tenement request at FRN, was formerly part of a Deal with Arrow and Pacton in 2018.
https://www.mining-journal.com/discovery/news/...-modest-looking-dealHow the Details of the story and intertwined legal aspects are, uncertain to me at the moment. Whilst tenement does not seem to be confirmed for FRN, Pacton as well as FRN publishing this land claim in their corporate documentation?
Any enlightening thougts?
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Oben stehende Fragestellung habe ich in einem anderen Forum angemerkt, es scheint das dieser Land Claim bei FRN gelandet ist. Bin abseits davon bei Pacton investiert, ebenfalls bei Kaisor, als DeGrey / Pilbara Spielzug. Die Frage habe ich auch an Pacton PR gestellt, ohne Antwort, eine direkte Kommunikation mit Pacton ist nicht machbar, was schade ist. Vermute die sind gerade extrem beschäftigt. Dieser Punkt des Land Claims muss dennoch geklärt werden.
Falls jemand hierzu etwas rausfindet, gerne weitergeben.
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I saw in the contractual entanglements also that they did acquire the land packages with a few options and conditions. If these got served and became contractually binding, is not said. As you mentioned, I see a few cases to this:
1. Pacton may have held the land for some time and are now in discussion with FRN over it.
2. It never got to the point of being contractually binding and the land claim got back to Arrow, which now hand it to FRN
3. Some other dodgy plot.
In any case, the land claim is not fully assigned to FRN. Entanglements remain uncertain and moving ahead with drilling may still be far stretched for FRN. Also Pacton did have the option for that land, if they decided to let go of it, it was some conscious decision, at least under 1 and 2.
Going with the former owner for the DeGrey romance.