INF 0.00% 5.7¢ infinity lithium corporation limited

Local opposition, page-84

  1. 124 Posts.
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    There is nothing wrong with this project. there used to be a mine there...
    In fact the economics of this project are FAR superior to those of Canaveral. At the end of the day, if economics don’t add up funding doesn’t come.
    It’s town’s politics.
    Politicians promoting the view of a minority of citizens.
    What’s happened here is the regional government showing it listens to the local politicians; literally days after it denied their attempt at local parliament to block the project. So a contradictory message from their part. My view is is that this will be appealed, and Infinity will win the appeal - at which point the regional government will say to Caceres government: hey we tried -
    It looks reading the press that the socialist party at the top is for the project. We know the EU is for the project. We know the Spanish government is pro pro EU and pro clean energies. The only sticking point for both was citizens’ acceptance. And level of acceptance has now shown to be significantly higher than rejection amongst citizens; and within majority.
    This will set back the timetable, but does not set back the outcome in my view - that it will become a mine.
    and again, the shares are assuming a 90% chance that this will never happen.
 
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