Rainbow Rare Earths Phalaborwa project shaping up to be one of the lowest cost producers globally. Watch the video here.
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It was only a matter of time before these coalition left wing leaning governments throughout europe started imploding!
Ideological in existence but unable to provide a living to the everyday individual living inside the EU.
All those jobs and support infrastructure the mine would have provided in Spain denied by that pee bucket Ribera!
Certainly doesn't help Sanchez and his flimsy coalition, but I imagine he'll blunder on for as long as he can (including current approach to BKY's project).
Maybe the separatists will suddenly get the hots for uranium, and demand permits for BKY as the next price for propping Sanchez up. He's decriminalised sedition, so he'd easily grant the permits, which he should lawfully do anyway.
Where does this leave Bky?
Spain’s centre-right party wins
Spain’s centre-right People’s Party (PP) came out on top in today’s European election, gaining 22 seats out of the 61 allocated to the country, and dealing a blow to the Socialist-led government of Pedro Sanchez.
Sanchez’s Socialists, spearheaded by energy minister Teresa Ribera, earned 20 seats after a campaign in which the opposition honed in on private corruption allegations against the premier’s wife and an amnesty law for Catalan pro-independence leaders passed just one week before the election.
Looks like the market's receiving news of the Arbitration positively. I very much like that the US$1bn claim is "preliminary"!!!
Another tick up,over on the ibex
And bky's just ticked up over on the ibex exchange
We live in interesting times ...
Good punchy RNS. US$1bn! Like it!! And about time they got the arbitration show on the road.
Https://www.bbc.com/news/world-europe-69000823
With Catalan election result pro far right, what could be the impact from this change? Looks good for BKY?
‘ who's looking to join the Brussels gravy train.’
No doubt she will get a golden handshake and will gratefully accept being showered with all the perks and privileges the gravy train has to offer.
Https://www.euractiv.com/section/energy-environment/news/ribera-spain-has-enormous-difficulties-with-france-on-cross-border-energy-links/
The cheek of it! Whining that Spain's energy woes are France's fault for blocking interconnectors. Unbelievable. It's you you clown that's created a crisis and forced more use of hydrocarbons by running down nuclear.
Actually Spain might get shot of its Micturition Minister soon who's looking to join the Brussels gravy train.
Looks like it was El Guapo just showboating.
'The FT is suggesting if he resigns he might pave the way for Spain's first female pm. Who might that be???!!!'
Can the FT define what a woman is?
Whoever gets in who suffers from the 'green communism liberal mentality' is still going to pursue this renewable energy utopian dream, would they allow nuclear energy into the mix is the question?
This situation will end up in an international arbitration adjudication scenario and could take the rest of the decade. Teresa is no doubt still having fun sploshing around and wetting the lettuce.
Apparently Sanchez has told the King what he's intentions today are.
The Guardian sees 3 possibilities:
Now, there would appear to be three possible scenarios.
Pedro Sánchez could stay and call a vote of no confidence in an effort to shore up his parliamentary support.
If he leaves, the socialists could try to appoint a successor.
Or, his departure could trigger another general election - Spain’s sixth in nine years - that could be held in July.
The FT is suggesting if he resigns he might pave the way for Spain's first female pm. Who might that be???!!!🤦
Yes, time for common sense to make a long overdue comeback. Mustn't get ahead of ourselves but....
If a new sensible govt who'll give the permits does come in, BKY will need to update strategy. Maybe put the international arbitration on ice, and switch their efforts to appealing in the Spanish supreme Court the annulments of the regional and local authority licences. Time will be of the essence, Spain seems quite volatile atm, the legal processes take forever, with governments perhaps unlikely to last long. Get everything sorted before an unfriendly regime returns if possible.
Monday will be interesting when Sanchez is due to announce his intentions. I suspect he's frantically trying to work out if his missus' dodgy dealings could stick to him and finish him.
We only have to sit this stupidity out until common sense prevails.
Https://www.politico.eu/article/spain-prime-minister-pedro-sanchez-threatens-to-resign/
Here's a thought. Last 2 paragraphs of this suggest one scenario of Sanchez resigning and calling a snap election. PP is 8% ahead of the Socialists in the polls. A PP led nuclear friendly government if elected might then permit the BKY mine, later this year even. Wishful thinking maybe but not impossible.
More reasons for Spain's dodgy government to permit BKY's mine, act lawfully and stop cynically manipulating institutions like the CSN by appointing anti-nuke activists to the board to force unwarranted political goals.
https://www.kitco.com/opinion/2024-04-23/miners-ignore-softer-uranium-price-0
Given the increasing global recognition of nuclear energy's importance to energy security and decarbonization, the demand for uranium is forecasted at 338 million pounds in 2040, requiring the supply to double by then. (New mines needed).
The geopolitical situation in Niger has intensified in March. (Spain sources U from Niger)
‘ But for now we still have to endure Teresa and chums sploshing around playing their revolting potty games.’
I can picture her grabbing onto the side of the bath whilst trying to pee in a child’s potty!
Ignore my dumb question below, RNS icon usually shows if there is a new one but I see now it was released yesterday (10th)
Where is this news then?
There also be some speculation on the Madrid Exchange which is lifting the share price here?
Either way it is good news for small investors.