Ann: Republic secures Social Licence for Amayapam, page-11

re: Ann: Republic secures Social Licence for ... "I am surprised to see there is no reaction to SP on this news"

I would tend to agree with you on that OpTrader. Although I would not have expected a huge leap I certainly thought that a nudge up by a cent or so was warranted at least.

It is certainly a funny thing market perception.

I mentioned another junior mining eplorer last week that i won't name since I got told off for cross promoting (which I wasn't really - just using as a comparison as I'm doing now.

However that other junior miner has a share price a couple of weeks ago of about 1.3 cents.
It produced an announcement to indicate that it was going to carry out a bit of drilling at a couple of its gold prospects. No great reaction in the share price.
Then a couple of days later it had a BRR about that announcement. That got picked up in some other media comment and all of a sudden the share price shot up over 2 cents and is now currently at 2.5 cents.

On the basis of what ? Very little.
Okay a total of about 4 diamond core drill holes are to be carried out to test out a couple of prospects that are thought to have very high grade gold deposits.
Maybe that will be the case ...maybe not.
Even if it is the case then any mining will have quite a few hurdles to overcome before it would be allowed.

Yet here we have RAU announcing a very significant milestone being reached in its journey to get Amayapampa into production and it barely causes a flicker.

Oh well. C'est la vie.

I have often said in the past that the RAU share price probably will not lift greatly till the mine is virtually guaranteed.
We'll see.