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Emerita Resources (TSXV: EMO) this morning declared that they have appealed an administrative ruling made by the Tribunal Superior De Justicia De Andalucia of the Administrative Court.
That ruling was made in relation to a complaint filed in 2017 against the Junta de Andalucia, with that complaint making three requests. First, it requested that the Court rule that the Junta had committed what is referred to as a “via de hecho”, which means an administrative action has been made that disregards the legally established procedure or lacks legal basis.
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Second, it requested that the Court rule that the acceptance of the mineral rights tender by Minera Los Frailes for Aznalcollar was a via de hecho. And finally, it requested that any actions by Minera Los Frailes related to Aznalcollar is a via de hecho.
WATCH: Aznalcóllar Corruption Case Nears Conclusion | David Gower – Emerita Resources
In April the court ruled against that complaint, with an appeal on that decision now having been formally filed. The court has ruled that the requirements have been met for the appeal, and now under that process the Tribunal Supremo must now rule on whether there are grounds for an appeal. If there are grounds for an appeal, the Tribunal Supremo will then rule on the merits of the case.
Finally, this complaint is separate from the other and more significant administrative case related to alleged irregularities performed by the Junta in adjudicating the Tender, which dates back to 2015. With the Court previously declaring that the facts in the criminal case and the administrative case are substantially similar, a ruling on that administrative case has been suspended, pending the outcome of the criminal trial, which will make available the evidence and testimony from the trial for the administrative case.
Emerita Resources last traded at $1.29 on the TSX Venture.
FULL DISCLOSURE: Emerita Resources is a client of Canacom Group, the parent company of The Deep Dive. Canacom Group is currently long the equity of Emerita Resources. The author has been compensated to cover Emerita Resources on The Deep Dive, with The Deep Dive having full editorial control. This is not a recommendation to buy or sell. We may buy or sell securities in the company at any time. Always do additional research and consult a professional before purchasing a security.
