Whilst the price is going down (the opposite of what we want [I have only made bullish comments so far, so don't blame me]), let's just get some discussion out of the way.
Last time in 2020, when the application reached this stage, the Joint Authority returned the application to the NOPTA/applicant for further information required status. If they do this, that is a big red flag, because in the court documents, they basically said they returned it because they wanted more information on financials etc... (later rejecting the application because of financials amongst other things)
Also if the Joint Authority takes longer than 01/11/2023, I also consider that to be a red flag as the Government might be seeking legal advice (which is also what happened previously according to the court documents).
Soo.. if we don't get a decision within 2 weeks it will probably look bearish until Skypunter gets the Freedom of information request (then it will probably turn bullish once we find out what it says [or likely says]).
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- BPH - Joint Authority decision due by 1st November 2023
BPH - Joint Authority decision due by 1st November 2023, page-56
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