Ann: Court Rejects Appeals Against Vittangi Mine, page-150

First 150 Last

Share
Profile

Follow
Archer9

2,933 Posts.

108

21/09/23

11:14

Post #: 69954036
Share

Originally posted by Gvan: ↑

You've been saying there will be a panic sell off since just before the initial permit decision in April. The company has since had their mine and anode plant approved by the environmental court and had appeals rejected by the court of appeal.

"In accordance with statutory process, the rejected parties have until no later than 28 September 2023 to appeal the Court of Appeal’s decision to the Supreme Court. The Supreme Court may only hear an appeal if there is a need to develop case law or there are special grounds such as a miscarriage of justice or gross error in law. If no appeals are filed, the Nunasvaara environmental and Natura 2000permit would come into force."

In about 10 days we find out whether or not the rejected parties have appealed to the supreme court (with only 1.5% of submissions granted), meaning the permitting process is nearly over. It's no secret that finance and purchase agreements are waiting on the permitting process to complete. So, while we may see fluctuations on the chart from 1.15 to 1.50, on a fundamental level the company has never been stronger. Throw in further recent drama with China subsidies and the tailwinds only get stronger.

The worst-case scenario is the rejected parties may try to obstruct one last time in the court system, but would only cause another month or two of delays before they either withdraw or the supreme court rejects. We hear more about the detailed plan obstruction in the media now, which leads me to believe that there won't be any appeals submitted.

Expand

Highly doubt the approval project has anything to do with it
Problem is Talga cant seem to sell their stuff--it appears Stellantis has walked and spending is going up a lot
so they will push it down to about a dollar so they can pick up shares at next cap raise for about 80c
so wait till there if you want to buy more

TLG Price at posting: $1.20 Sentiment: Buy Disclosure: Not Held
Upvote

0 Great analysis

Reply

Top Stories

SWP

Swoop lobs $18M offer at microcap telecom Vonex – in which it holds 19.9%

TLG

Talga Group wins key permit for flagship graphite mine in Sweden

MKT

The ASX can overlook its Telecomm small-caps. Here’s one diversified brand with an international footprint

M4M

Macro, Norden set up transport solutions initiative for West Pilbara

IRX

InhaleRX snags $38.5M in funding from VC biotech funder Clendon

Week 42 Wrap: HotCopper's top picks; new ASX 200 record; world yawns at war

MTH

Mithril's drilling in Mexico picks up silver at 997g/t, gold at 28g/t

NVU

Nanoveu surges 10% after benchmark testing for new AI chip begins

What's causing the cost-of-living crisis, and how to navigate it

SNX

Sierra Nevada raises $2M for silver exploration at Blackhawk