So, they have the licenses granted for Diamonds etc from the same MME who refused Uranium license. They granted all others and after new funding, all operations continue!
We now know the reason and this article is from same journalist with a knife to twist, but we know Reefton can continue albeit carefully with existing drilling etc.
Frankly the market reacts to sentiment and may well drop initially, but I see nothing to get into a lather about medium/long term unless more comes to light? As usual a possible over-reaction and a bounce back on Diamond etc fundamentals??
Don't forget MME will have known their reasons for weeks now and just because we only learn them today does not mean that the MME are halting or changing Reefton's other mining operations and why should it, they granted the go-ahead themselves already with the knowledge of Reefton's Uranium announcement etc etc in the public domain?
Isn't all the above just common sense and we may see a reaction to the news initially, which will certainly reverse in due course (days/weeks).
RTM
reefton mining nl
