VUL

3.74%

$3.88 vulcan energy resources limited

Well done mate lithium 2021. Youve won. you got your way and now...

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Stonez79

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14/02/23

20:04

Post #: 66246843
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Originally posted by samthebatman: ↑

Whilst I agree community feedback will play a large role in this project, the community will need to demonstrate scientifically a case for the project not to proceed. As long as Vulcan address the concerns (and the regulator agrees that they have been addressed) the project can proceed. You see this all the time (merit of assessment, then response to concern). Stakeholder can make things hard, but it usually happens when there is a significant amount of pushback and they manage to get very good legal representation who find a loophole. You usually see challenges coming whereby a group was not given time or made aware of the project (or a component of the project) in the first place. This can significantly delay a project as the company then has to go out a re-consult etc. The regulator makes the ultimate decision on whether the community concerns are valid and have been responded to adequately by the company. In my opinion so far the stakeholder piece seems to being managed very well. Stakeholder groups will need to get some sort of real scientific challenge going against the project (or try and show somehow that it is not aligned with certain agreements etc. setup by Germany or the local area). Ultimately if the regulator wants this project to proceed then it will, Vulcan might get a few extra monitoring type conditions on approval, but that is to be expected.

You cant just have stakeholder making up claims not scientifically just and it stops a project. Otherwise they would all be at it. I can tell you oil and gas projects will be (and are already) far far far harder than this project to get over the line. They are challenged from all sorts of areas (most recently GHG emissions and alignment with climate targets set by governments).

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Well done mate lithium 2021. Youve won. you got your way and now Germany has peace. Thank you. God bless. Youve demolished another company.

VUL Price at posting: $6.12 Sentiment: Buy Disclosure: Held
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Last $3.88		Change 0.140(3.74%)		Mkt cap ! $730.1M

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Well done mate lithium 2021. Youve won. you got your way and now...

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