I'm confident that even with an appeal on the approved permits, it will get thrown out/ dismissed by the courts before ( as below option #1)
The process as follows
Derogation permit from ministry of environment + Exploration permit from TUKES
both have options for appeal once approved. Need both to progress to drilling. Derogation permit decision apparently is imminent. Once that's received, TUKES will then process the exploration permit. Once Exploration permit approved - The public will have 30 days to appeal the decision by Tukes.
The appeals process below.
1. Appeal is dismissed before court.
2. Appeal is heard in the Administrative Court (12-month delay).
3. Appeal is not resolved in the Administrative Court and is escalated to the Supreme Court (24-month delay). - But as previously mentioned by the team this is to be highly unlikely.
I am confident that the appeals will be dismissed before the court and not progress. The EU alignment with critical minerals as well as the in-depth assessment and documentation conducted by KRM and the positive relationship with governing bodies will be enough. I have no doubt the krm legal team is waiting on standby to assist in the dismissal if necessary!
Also imminent will be submission of areas 2-5 of Penikat to progress the permits for them taking everything they have learnt on area 1 so as to streamline the rest of the process.
- Forums
- ASX - By Stock
- KRM
- KRM/BHP DEAL OF THE YEAR
KRM/BHP DEAL OF THE YEAR, page-15
-
- There are more pages in this discussion • 72 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Add KRM (ASX) to my watchlist
|
|||||
Last
3.7¢ |
Change
-0.003(7.50%) |
Mkt cap ! $27.84M |
Open | High | Low | Value | Volume |
3.9¢ | 3.9¢ | 3.6¢ | $20.47K | 546.7K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
2 | 149999 | 3.7¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
3.9¢ | 1000000 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 100000 | 0.037 |
1 | 122444 | 0.036 |
2 | 335714 | 0.035 |
1 | 500000 | 0.034 |
2 | 650000 | 0.033 |
Price($) | Vol. | No. |
---|---|---|
0.039 | 1000000 | 1 |
0.040 | 147598 | 2 |
0.041 | 200000 | 1 |
0.043 | 159999 | 1 |
0.044 | 300000 | 1 |
Last trade - 16.10pm 23/08/2024 (20 minute delay) ? |
KRM (ASX) Chart |
The Watchlist
SER
STRATEGIC ENERGY RESOURCES LIMITED
David DeTata, Managing Director
David DeTata
Managing Director
SPONSORED BY The Market Online