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1,859 Posts.

135

24/10/19

14:45

Post #: 41051728
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Originally posted by wirapundi: ↑

To survive - Atrum will need to develop Elan long before Wexit.... so I'd comfortably rule that out as a relevant factor.

Realistically - Atrum need to develop Elan without any delay. So this point is potentially more relevant:

"Arguably the result was worse for the Prairies than an outright Liberal win. The hung parliament means the Liberals will have to rely on the more left wing New Democratic Party (NDP) to govern, and that party detests the new oil pipeline".

In my view - I actually don't think eventually receiving the relevant mining permits for Elan is a big risk. But there is a big risk they could be delayed. And it's a big risk because Atrum will run out of money if there is any significant delay to the process.

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if the permits are in sight we’ll be taken out well and truly before running out of cash.

ATU Price at posting: 31.5¢ Sentiment: Hold Disclosure: Held
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