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Due Diligence by Doc Jones, Resource Investor, Hunting for Exceptional returns.Author: Doc Jones the Resource Investor
Im a PRIVATE INVESTOR, enjoying early retirement after a long, successful, and fulfilling career as an investment professional with a focus on the resource sector (including oil and gas). I employ common sense, fundamental, bottom-up analysis that incorporates not limited to: currency exchange rates, cost of labor, raw materials cost, geology, metallurgy, cost of capital, infrastructure, micro/macro influencing factors, experience of management, capital discipline by management, etc, etc Research, research, research. I run a highly concentrated and focused portfolio. The Math never lies Language: en Contact email: Get it Feed URL: Get it iTunes ID: Get it |
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$EMO.V $EMOTF The Emerita Resources Aznalcollar Criminal Case Deep Dive
Monday, 3 February, 2025
Criminal sentencing trial begins in 4 weeks 1 day. Multiple criminal charges, multiple gross irregularities in Minorbis-Grupo tender, potential of 348 years imprisonment and fines to be imposed. “the Provincial Court, in reviewing the case during the previous appeal process, has indicated that the other bid did not meet the requirements laid out in the tender process and should have been disqualified on that basis.” “The new indictment includes the following: Increases the number of accused people from 9 to 16. Increases the charges to the following 4 crimes related to the award of the tender: Administrative Prevarication Influence peddling Management fraud Embezzlement due to unfair management” Nov. 25, 2022 (GLOBE NEWSWIRE) -- Emerita Resources Corp. (TSX-V: EMO; OTCQB: EMOTF; FSE: LLJA) (the “Company” or “Emerita”) announces that the Third Section of the Provincial Court of Seville (the “Court”) has set March 3, 2025 as the date for the criminal trial on the alleged crimes committed during the process of awarding the Aznalcóllar tender. The trial is an oral hearing that is expected to be completed on July 15, 2025. The Court has reserved up to 40 sessions including days in March, April, May, June and July 2025. The oral trial has been scheduled at 10:00 AM (local Seville time) on the following days: 1) March 3 and 4, 2025 (pre-trial matters) and March 31, 2025 2) On April 1, 2, 7, 8, 9, 21, 22 and 23, 2025 3) On May 12, 13, 14, 19, 20, 21, 26, 27 and 28, 2025 4) On June 2, 3, 4, 9, 10, 11, 16, 17, 18, 23, 24, 25 and 30, 2025 5) On July 1, 2, 7, 8, 9, 14 and 15, 2025 The 16 defendants face sentences totaling up to 348 years in prison for the alleged rigging of the Aznalcóllar mining tender, including accusations of influence peddling, fraud, embezzlement and bribery. One crime voids tender and it must go to the next qualifying bidder, Emerita is the only other qualifying bidder. 1/ Mr. Juan Jose Garcia Bartolomé. Invercaria economist. Responsible for making the report on the solvency of the bidding companies. Member of the technical commission. 2/ Mr. Alberto Fernandez Bueno. Mining Engineer. Head of Mines Area. Junta de Andalucía. Member of the technical commission. 3/ D.ª Aurora Gomera Martínez. Mining engineer. Environmental Impact. Member of the technical commission. 4/ Mr. Luis Cordero González. Biologist. Head of the Protected Spaces Network Service. Member of the technical commission. 5/ Mr. Manuel Gil Calderon. General Administrator of the Junta de Andalucía. Member of the technical commission. 6/ D.ª M.ª of Pilar Orche Amaré. Mining engineer. Technical advisor. Member of the technical commission. 7/ Dª Maria Jose Asensio Coto. General Director of Mines. Junta de Andalucía. She has a degree in Economics and a PhD. Member of the hiring table. 8/ Mr. Juan Manuel Revilla. Head of Mining Organisation. Junta de Andalucía. Secretary of the hiring table. Member of the hiring table. 9/ Mr. Ivan Maldonado Vidal. Head of the Mining Service. Member of the hiring table. 10/ Mr. Jose Salvador Camacho Lucena. Secretary General of the Environment. Member of the hiring table. 11/ Mr. Julio Ramos Zabala. Head of the Recruitment Service of the Admon Ministry. Publish it. Member of the hiring table. 12/ Mr. Jose Marcos Acosta Plaza. Comptroller. Delegate of the Ministry of Finance and Admon. Publish it. Member of the hiring table. 13/ D.ª Pastora Sánchez de la Cuesta Sanchez Ibarguen. Ltrada. of the Board. Member of the hiring table. 14/ Mr. Vicente Cecilio Fernandez Guerrero. Lawyer of the Board and former director of SEPI. 15/ Mr. Mario López Magdaleno. Owner of Magtel. 16/ Mr. Isidro López Magdaleno. Owner of Magtel. Triple S Investing Report: https://cdn-ceo-ca.s3.amazonaws.com/1jkjo2j-TripleS%20Investing%20-%20Emerita%20Resources%20-%20Deep%20Dive%2011.11.24.pdf
