Nothing in life or business is a sure thing. Regulators and legislators will go by the book, and the BoD and managements responsibility is to mitigate risks and maximise shareholder returns. Doesn’t meant they’re not confident of approval, it means they want to have a backstop - incase of any situation arising that they will have access to the tenement. It’s prudent and I wouldn’t expect management to act otherwise.
Think of it this way, parachutes are pretty sure thing - rarely are backups used, so why do sky divers have backups? Based on your logic they’re not confident in the main parachute? No. It’s prudent. It’s safe. It’s logical. Good management and prudent people plan ahead. Failure to plan is planning to fail. Simple. Don’t over think it.
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