Those initial time frames for the various aspects of the legal...

Those initial time frames for the various aspects of the legal case are disappointing.

Demand and pricing for the product that Aguia want to produce is very good, so is it all environmental concerns or something else ?

I get the feeling there is an invisible hand at work here.

In the last year or so Aguia have had a rights issue and a capital raise. There will now be some very upset investors as they are looking at a sharply down share price, increased uncertainty and possibly a very long wait. Also the options issued with two these raises will have long expired with these time frames and are unlikely to have been exercised. Exercise of these outstanding options would provide around 7m AUD in funding to Aguia. Should the board look at extending the expiry of these options ? Perhaps.
Aguia had cash at bank of A$4.48 million as at 31 May 2021. (They had also secured loan funding of 3.75m AUD which was for capex for construction of the Tres Estradas Phosphate Project)
At this stage they will not need to spend money on the construction phase of the Tres Estradas Phosphate Project but they will now have legal costs that were not anticipated and of course costs with the now accelerated copper projects. Having said that, an exploration dollar does seem to go further in Brazil.

On the positive side Aguia's copper/gold projects look very promising and the future for copper is looking very good. Some very positive results on the copper side would improve sentiment. A resolution to the legal case would have a similar effect.