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MTB650b

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11/03/24

12:42

Post #: 72840151
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Originally posted by tiptruck: ↑

The final obstacle or requirement to legally be awarded the permit was achieved approximately 12 months ago with the production of the environmental report

Once that was achieved and the government were legally obliged to award the permit they decided to add in a further hurdle, that being their satisfaction we had a partner to finance it, hence the eea deal

that was finalised 3 months ago

eea also conducted a report on the power requirements and the construction of adequate power supply to power a smelter

the building of a power station and smelter is now a new requirement in order for the permit to be awarded

the problem is that no one will invest tens of millions building a station whose economic survival is based upon powering a mining operation it appears the government I'd refusing to permit

it's a dead end scenario

only the Chinese have the money to risk on such a scenario where you can't trust the government abiding by its own legislation

we are stuck

this is what they got told when they sat in their hotel for 2 weeks expecting to be awarded a permit

don't believe me if you want but have a think

it's been 3 months since all requirements have been complied with, if they haven't signed a permit in 3 months then why would an extra month or two make any difference?

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Looks like you better sell all your shares before this just becomes a shell company.

CAY Price at posting: 7.8¢ Sentiment: Hold Disclosure: Held
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Out of our hands, page-2

Canadian fieldwork yields multiple pegmatites for Trinex

Infini soars 50% as company reveals it could’ve just made uranium history – redefining what it means to be “high grade”

Renascor wins a funding boost given it wants to produce a critical mineral – but $5M award pales in comparison to some

Telix jumps 11.6% as US government indicates proposed medicare changes won't affect prostate cancer drug

Augustus sees imperial share rise on high-grade Cu and gold results at Ti-Tree

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Out of our hands, page-2

Top Stories

Canadian fieldwork yields multiple pegmatites for Trinex

Infini soars 50% as company reveals it could’ve just made uranium history – redefining what it means to be “high grade”

Renascor wins a funding boost given it wants to produce a critical mineral – but $5M award pales in comparison to some

Telix jumps 11.6% as US government indicates proposed medicare changes won't affect prostate cancer drug

Augustus sees imperial share rise on high-grade Cu and gold results at Ti-Tree

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Buyers (Bids)

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