"The delay is due to Quasar’s inability to begin on-site construction at Four Mile and placing project development activities on hold due to a delay in the grant of a mining lease. The offer of a mining lease by PIRSA is pending registration of the Native Title Mining Agreement (NTMA) covering the Four Mile uranium mine."
"Alliance continues to work to progress the registration of the NTMA and subsequent grant of the mining lease."
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From what I understand re this public relations mess is the NTMA was/is signed and sitting in Alliance’s control and was somehow "forgotten" to be passed on when all documentation was requested for the granting of the mining lease (correct me if I'm wrong).
It also looks to me that Alliance’s No 1 concern and focus is and was the "Mine startup", so, following that I can only draw a conclusion that the NTMA was deliberately withheld and that there is definitely friction with their joint partner.
If I’m right then there is a fair amount of muscle flexing happening atm as can be seen with the latest coming from AGS’S joint partner.
If, as many have pointed out, that AGS is well positioned with quality and quantity re the Uranium, then, this selloff would be a buying opportunity unless major bad news surfaces.
One can only speculate re whats going on between both parties atm but once the mining lease is granted and the Mine is commenced. There will be no looking back imo.Thats a given,that blind freddy can see.!
One step at a time from here ..though.
The first …the granting of the Mining Lease….an opportunity to buy/top-up
The second….the mine startup…..an opportunity to buy/top-up.
Good luck all.
Sm
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