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A lot of twitterati have bought these in anticipation that they can pump and dump it for their 10/20% and that has failed to materialise.
of course it is oversold! The BERKS failed to get the necessary go-ahead to conduct the business they spent years trying to set up and off the ground.
Getting a reversal on the no-go decision will take a long time. This is going to be a very long drawn out fight. So of course it is oversold.
There are better ways to invest your money - BERK buyers today are simply gambling in the hope a reversal will be imminent but why take that gamble? Its game over from my perspective and certainly not worth holding any funds here.
Best to wait it out until some clear direction from a legal perspective and in the meantime look at HELIUM ONE if you want to make all your BERK losses back.
I guess litigation against any government takes a lot of time and money and these sort of litigations take years. Problem is not only this company requires money to fund this lawsuit it also needs money to fund its day to day expenses with no income
Latino,
As said, just my humble opinion.
If you think I am deramping and the share is bargain, now is a good opportunity for you to increase your holding.
Go right ahead.
Lodged*
surely this is way oversold!?
An RNS of clarification that an appeal has been lodge looks like the next catalyst now otherwise will probably die down.
Fingers crossed for a swift challenge, however its the law courts so could be a short wait from here on out!
Buyers moving in as bargain basement hit
The Company will strongly defend its position
lol ‘very likely’....there are many things likely and very likely to happen! Shorters/derampers ‘likely’ to hammer the stock as much as they can whilst it’s down.
Brox,
Convertible loan was initially issued at 50p in August 2017, later reduced to 27p due to project delay.
Very likely this will be reduced to around 10p or even less, shareholders will be diluted to small percentage soon.
Expecting another RNS from company anytime soon after when NSC eventually....decide to inform the company officially!
18p next???
Followed by 22-24p?????
Yep silly not to I think...famous words!
Latino
are you topping up
Agree this will be extremely more damaging to Spain than BKY, it’s outrageously unfair that after what 120 approvals (amount time and investment) they can have NSC who can have the power to reject them all.....what’s the point of anybody wanting to invest there!
Yes that is how I read it to.
The problem is if they take it to court they will just place their own men in the judiciary to judge against it.
To get rejected at the final fence is unlucky.
But there are bigger ramifications at play, that being, who will invest in Spain now?
How are they going to provide base load energy in the next decade?
I suppose this would be an interesting read
The Economic History of Nuclear Energy in Spain
Governance, Business and Finance
https://link.springer.com/chapter/10.1007/978-3-319-59867-3_5
Maybe under the table somebody does not want Spain to become self sufficient in the energy and nuclear field? Just imagine the power it would given them on the world stage and the grand chess board.
... It is also important to note that, in the Company's view, a large part of the additional information requested by the NSC relates to the Authorisation for Operation for the uranium concentrate plant as a radioactive facility ("NSC III") which should only be dealt with following the award of NSC II. However, to ensure the process was conducted in a collaborative manner, the Company provided its responses to the NSC as requested.
So you get all queries about Authorisation for Operation when you applied for Authorisation For Construction..? No wonder this is all so baffling for company....
All the way back to where I bought first stake, should have sold like easyp and candid. Dont think its the end of the story but was always likely to be a major and rapid move once decision given.
In the 'lose some' category for now.
Sense not prevailing as I expected. As has been shown before tho, sp can recover significantly from these levels.
Just gonna ride it out and see. Lucky sold my ~22p stake for ~20p yesterday so could have been worse at this stage.
Position size takes edge off but agree likely slow progress from here, announcements of direction of reaction likely much more near term.
GLA AIMO
Yep 120 approvals....so 120 wrong these lot right lol?
Didn't follow proper procedure to reach decision as per yesterday RNS
Decision won't hold up and will be overturned on appeal
120 approvals over 5 years or more then suddenly its not a good project?
Someone has to pay up
Unbelievable...on a dodgy decisio!
Yep can not disagree, no basis and goes against constitution. So is very dodgy to say the least..
Adding the dip.
Once background seller is done there should be a lovely bounce here