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Goodflyingduck, literally what the hell are you talking about..? You genuinely aren’t reading any of my posts before commenting are you.
I just said on this post it’s likely we’ll get the flanks licence next month.
I posted earlier saying we likely initiated FSP so we can get offers in as soon as the flanks licence is received, so there is not any waiting around after it is received.
If you actually bothered reading my comments before jumping to conclusions, you would even see one of my comments earlier even said:
‘ I’m more curious as to whether or not we’ve had any offers in already. The BoD May be sat there right now knowing they’re going to get a very minimum of 50p per share etc’
On the duration, I even replied to Mac earlier saying his 12 week period ties-in with my 6 weeks assumption for the licence news. Just because I’ve said likely Sept and worst case scenario November about the flanks licence (which is backed by logic based on all our other applications), don’t spit your dummy out at me because it may not fit in with your dreams.
Either way, its August and plenty of work going on in the meantime. If we are counting the weeks, it makes no difference to me.
Logical that attainment of the Flanks is an important Condition Precedent.
MT flanks, got signed off at the initial stage faster than the others, it's something to bare in mind. April to now is 4 months for waiting for the license to be issued by Sevzapnedra -
"MONCHETUNDRA
As previously announced the application for the Flanks areas at Monchetundra received Ministry of Defence approval (see RNS dated 17 December 2019). Approval by the Federal Security Service (FSB), the last remaining federal body, whose approval is required for the flanks licence application, was also subsequently confirmed to the Company by Sevzapnedra. The Directors expect the license to be issued by Sevzapnedra soon as per standard process."
Tipil was longer because of the local meeting requirement i believe, and the pandemic situation may have slowed that meeting down -
"The application has been approved by the Russian federal bodies and requires only a formal meeting of the local mines commission. Further updates will be provided when that next step is reached."
That meeting was announced as a requirement in dec 4th RNS. No mention of any meeting needed for MT flanks.
They're due from now going forward in my eyes, could come at any moment. 10 month line is rapidly approaching for example.
GLA
Ethio,
This is what I posted last week with the previous licence applications and dates:
Wk Licence submitted - 22 Oct 2014
WK Licence received - 06 Oct 2015 (12 months)
MT Licence Submitted - 05 Dec 2017
MT Licence received - 20 Nov 2018 (12 months)
WK Flanks Submitted - Feb 2018
WK Flanks received - 17 Dec 2018 (10 months)
WK Tipil Submitted - 17 June 2019
WK Tipil received - Assumed 06 August 2019 (14 months)
MT Flanks Submitted - 26 Sept 2019
MT Flanks received (likely date) - Sept:Nov
As I say, likely 12 months, so end of Sept. Possibly going to Nov if it takes the same duration as Tipil did. Like I said though, every licence is different but due to the size of MT flanks, I’d assume it’s not going to be the one that goes through fastest.
Moneymaker2015
I very much doubt that. The license is not that far away. How can you expect bids if the license is due in nov? The license is days away. It will drop and then a possible offer will be announced.
Ethio,
The Tipil RNS was 3 months before the MT flanks.
I posted on here last week the likely time it will drop, based upon every licence application we’ve announced. The flanks confirmation will likely be in about 6 weeks, unless it takes a similar amount of time to the Tipil licence, then it will be pushed back to November.
Obviously every application is different but the average appears to be 12 months.
EUA are no mugs. They would not go to sale without Flanks. Its a given.
The BOD hold tons and tons of shares. They've been working for a big sale for years.
Wait a couple of weeks and the rewards will be massive. Leave now and regret it for life.
NOTE: A lot of derampers spreading FUD (fear uncertainty and doubt). DO NOT listen.