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ORM went through an administrative appeals process in the same jurisdiction and it took several months. There can be appeals within appeals, so I'd say don't hold your breath, but as BKY's case is so strong, that should mean the process is shorter than it otherwise could be, with a good chance for a BKY win, and less chance of that win being appealed further, successfully or at all.
The SP seems to be holding above 20p, even though we could perhaps expect an overhang from the shares bought from OIA in the lawsuit settlement @ A$0.35 (approx 20p). That's assuming there were no restrictions on selling in the settlement purchases.
Politically, BKY's comments in the quarterly report about PP's pro-nuclear stance were interesting.
A month since the last post here and no news from Madrid or company HQ on progress either legal or political.
Sky reported this morning the Hungarians received Russian uranium today and an embargo would be a red line for them.
The Germans and others seem to be dragging their heels re Russian fossil fuels too.
Anything other than a complete embargo on all Russian stuff is unconscionable though.
https://twitter.com/quakes99/status/1512035679806451716?s=20&t=9uuqUfFpeDsA1PDwOMYJqQ
Posted by Levs on the AURA board.....not sure if this is just wishful thinking on social media?
Just the showdown in the Spanish courts to come now.
That is if they have enough electricity to keep the lights on and the air con blowing for the court hearing.
There was clearly good interest from a broad range of investors.
Special Crossing completed to clients of Argonaut Securities that include several specialist natural resources funds and a broad array of high-quality investors, based in Australia and overseas
I am back in but only with a very small punt on the basis that Paradice have done due diligence and feel BKY is worth a punt.
Presumably the required notifications from the buyers of OIA's shares following settlement of that lawsuit.
Any thoughts on what is going on here?
'All this as well as well as the demands of citizenship and the gender perspective throughout the development of the law should be taken into account in the development of the Law on Climate Change and Energy Transition.'
Raquel Montón
https://www.energynews.es/en/can-coal-nuclear-be-shut-down-simultaneously/
A very interesting read, but the boundary between wishful thinking and reality is closing.
Must be a garden path. Well done to Raquel and muchachos for doing their bit to lead Spain up it.
Looking at this latest ipcc thing, I hate to think what Spain will come up with next. Maybe spend millions building a couple of CO2 extractor fans in Salamanca.
'Greenpeace anti-nuclear campaigner, Raquel Montón, said that Spain doesn’t need nuclear plants or mines because the country is on a promising path towards developing sustainable sources of clean energy.'
https://www.mining.com/opposition-berkeleys-uranium-mine-spain/
Five years later and what has this promising path produced?
The whole lot of them do not know their backsides from their elbows and live in a fantasy world.
In that regard, I think the latest ipcc report is due today. The one that will say what we actually need to do. It might help inform and improve Spanish policy.
Casteljon needs to provide to the Spanish electorate how he intends to solve the energy requirements of Spain to meet climate targets at a cheap and affordable price also considering base load requirements and supporting heavy industry.
Does he intend on solar power and wind or has he got something else in mind, lay the cards on the table.
None of us is getting any younger and this unlawfully delayed project needs to get going.
We shouldn't lie back smiling with our legs apart. Casteljon and his co-conspirators have got funny smiles on their faces and need stopping.
What difference does keeping our powder dry make?
I’m not selling for a long time, if we get the licence this year or in five it will make no difference, the sp will just rocket greater with the latter scenario
I don't agree BKY should take these unlawful reports and decisions lying down. They're doing the right thing vigorously defending their/our position. The legal opinions are very bullish. So we hope to win (and hopefully recover costs too) then progress. If CSN and the government change, great, then just withdraw proceedings, but waiting hoping for that to happen wouldn't be the right strategy.
Picking a fight with the government is just stupid.
Just sit back and let it play out as annoying as it is.
The Spanish people will have their 'no mas' moment and another administration will get elected who will hopefully be more favourable to the final licence.
What as position to be in to hold the raw materials in the ground required to power the generators in both Spain and France and supply abundant green electric.
Just imagine the jobs and enterprise it can create. Spain should be one of the leading manufacturers and exporters of finished good with their location helped by the energy requirements which can be provided from within their own territory.
Let's see if the administrative appeal is successful. It should be if BKY and their lawyers are right, although you can't second guess the outcome.
Failing that we'll have to wait for change at CSN and the government.
Keep slurping the soup in the meantime.
P1D might be right, in Germany the inflation and food price rises hitting voters this week will quickly bring about political change. The Green EU Eco Idiots could be in for a kicking at the next set of elections. Trouble is, can BKY hang on for that to happen? Ideally, I would like to see a change of course from Madrid in months not years otherwise investing here is too risky for me.
It will get to the point where they will have to agree to things they previously would not have done or get booted out in the next election.
Just sit back and watch their pain and suffering.
If the CSN and government need an honourable climb down, they could take and publish legal advice (which would no doubt reflect BKY/Freehill's position) and say in the interests of law and democracy they're reluctantly permitting the project.
The current Spanish government have brazenly flouted the law to stymie BKY's project, so may well also be capable of buying Russian uranium in roubles (front or back door like you suggest) in their insane approach to all this. Their EU leanings might prevent this though. France and Germany are baulking at buying gas in roubles eg.
I suspect the late bky sp rally today reflected market concern that other commodities from Russia like uranium might have to be bought in roubles now too.