In an effort to bring something of value to discuss on this forum,I thought I would follow up my earlier post with an update.Unfortunately there has been no reported news from PDI as to when it anticipates receiving its first exploration licence renewal.Relevant legal commentary suggest if the application to renew is made as required no later than 3 months before the EL expiry date[pre 2 July 2022 in the Kaninko EL] the renewal should be granted within the 3month period.It may take longer if the applicant fails to supply all requested/required information and or due to 'administrative delays"For a more detailed analysis of the Licence renewal requirements please go to the following links and read them.
baofils.com/wp-content/uploads/2019/02/Chambres_Mining_Guinea.pdf
https://www.mondaq.com/guides/results/17/91/all/3/guinea-mining-exploration-rights
I suspect in PDI's renewal application it will be required to supply a far greater description of its exploration efforts to date and more importantly what it proposes to undertake during the extended licence period some of which it has foreshadoewed in the ESG areas.I for one am as much interested in hearing about the EL renewal process as I am in its drilling reports.I think PDI should on the grounds of the requirement of continuous disclosure inform the market as to its progress in securing the EL renewal and when it anticipates any"administrative delays" being overcome.
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