Alhambra Loses Case In Kazakhstan's Supervisory Chamber

The Supervisory Chamber of Eastern Kazakhstan's Oblast Court has ruled against Alhambra, in a dispute with Marsa Aktiengesellschaft (Lichtenstein) and Teragol Investment Limited (Cyprus). The two companies wanted a reversal of Alhambra's purchase of Saga Creek Gold Company LLP, and that's what they got from the Supervisory Chamber. Alhambra, which has not received a copy of the decision yet, can appeal to Kazakhstan's Supreme Court. The news release has further details.

The decision was announced early this morning. As of the time of this post, Alhambra is 4.5 cents bid, 8 cents asked. Yesterday's clsoe was at 6 cents, up 1.5 cents on relatively heavy volume.

Alhambra's Google Finance web page is here.

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