My understanding is management failed to clearly articulate that...

My understanding is management failed to clearly articulate that they have only disposed of "The Reefton Project" permits that surround Federation Minings tenement and that Siren actually retains several permits in the Reefton area outside of "The Reefton Project"

There is also a lot of speculation around Sams Creek which is included in the governments new fast track scheme and is in fact permitable as it lies outside the boundary of the nearby national park. In fact DOC has already provided a conditional access agreement.

my two cents,the sell off is largely retail panic selling which in turn provides a great entry point. If one is to take a long term view, say 12 months the interest by third parties, the gold price, the governments fast track provisions and both RUAs and SNGs ongoing exploration programme proved plenty of catalysts for upside. Antimony is another undervalued under considered opportunity.
SNG resembles to me an early stage Santana Minerals.