This is a good a place as any.
I wouldn't be getting startled by these objections as they are baseless and emotive. To be granted a hearing they must show they will be personally affected, or at least provide substantial objective evidence of possible harm. Neither have done so.
In my research I found a few interesting papers, one of which is from Kate Sweeney, counsel for the National Mining Association (NMA). Admittedly it is a couple of years old but still worth a read. Let's look at a few of the comments in this very detailed response that apply to comments made these baseless and emotive protest letters.
Firstly drinking water Aquifers:
"Pursuant to the Safe Drinking Water Act and EPA's UIC regulations, no ISR operations can occur in aquifers that are not exempted from serving as a source of public drinking water."
Strata is not proposing to be in any drinking water aquifer, so any comment along these lines is totally irrelevant.
Next Air Quality:
"On July 10, 2009, NRC Staff presented a paper to the commission, entitled Staff Assessment of Groundwater Impacts from Previously Licensed In-Situ Uranium Recovery Facilities in which it was determined that there has been no significant impacts to groundwater from past ISR operations.".
The writers of these protesting letters won't get a hearing based on what they put in their submission. I have also looked at the pending hearing and I also believe that will go the same way.
That aside from what I can see this stock is presenting an outstanding buy currently, as far as I am concerned it has been way oversold. I also notice that the major shareholder Pala has handed their shares over to a thrid party. This is looking very much like a hedged stock lending agreement. If it is then it would have been shorted by the borrowing party. This being the case a major re-rating would occur once the shares are bought back to handed back to Pala.
For mine this is a clear buy signal at these levels, especially if right about the stock lending agreement. Is the latter the "TSI" a poster was on about here, or is he/she truly a clairvoyant or maybe simply the best technical analyst in the world markets? Take your pick.
source of the above quoted information:
ML103480797 - Letter to Patrice Bubar, NRC from Katie Sweeney. http://pbadupws.nrc.gov/docs/ML1034/ML103480797.pdf
- Forums
- ASX - By Stock
- PEN
- permit to mine
permit to mine, page-18
-
-
- There are more pages in this discussion • 77 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add PEN (ASX) to my watchlist
(20min delay)
|
|||||
Last
8.7¢ |
Change
-0.001(1.14%) |
Mkt cap ! $277.2M |
Open | High | Low | Value | Volume |
8.8¢ | 8.9¢ | 8.7¢ | $308.2K | 3.520M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
3 | 66718 | 8.7¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
8.8¢ | 111563 | 2 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
2 | 50000 | 0.087 |
3 | 1051627 | 0.086 |
9 | 286708 | 0.085 |
7 | 568916 | 0.084 |
7 | 1701881 | 0.083 |
Price($) | Vol. | No. |
---|---|---|
0.088 | 111563 | 2 |
0.089 | 117521 | 2 |
0.090 | 22250 | 2 |
0.091 | 37359 | 1 |
0.092 | 78508 | 2 |
Last trade - 16.10pm 14/08/2024 (20 minute delay) ? |
Featured News
PEN (ASX) Chart |