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Having seen the PR efforts from a food package drop, I think there may be a big expectation - from the Sl Government - to have some pomp and ceromony to the EIA and mining licence issuance. Makes sense doesnt it - a huge opportunity to get some greenbacks in, and so why would you just wave a piece of paper across a desk? this opens up the port, gets investment into the area and brings wealth and opportunity - somethingt o celebrate! With the C19 measuresrescinding, i have a suspicion that we're going to get a bit fo a show on EIA and ML day!
I think the comms to date have become a car crash. Unless anything factual has changed, there is no requirement by the AIM code to issue an RNS. An RNS without substance would be howled at for being a space filler and with no answers on the elusive EIA. There might be logic that an interview take place to demonstrate that company confidence is intact (even though the new hire should show that!) but the obvious thread of 'where's the EIA you near-enough promised' will get Frayne destroyed. What would happen to the SP - to be honest, us retail investors hold such a small proportion that we're not the key audience for comms. The IIs will all have a keen eye on this, and when their limitations come off will be the evidence of what true state we are in. until sucha time as the key RNS comes through, we're just going to see PI noise and the bumping of our gums, as all of us are here to be making a profit, and we're probably all six months behind where we thought we'd be.
I fully concur with your sentiments - this is an absolutely abysmal position that’s been created by over-promising and under delivering against a timeline. I’m sure some of the management team will check in with the boards (they’re human and in this as well regarding their share options) so get something tangible out asap please!
The EIA was in good shape. I have wondered if infra needed doing to evidence commitment (who else has seen empty promises before?) and that might be an implied cause of delay.
I’m personally expecting the mining licence to be hot on the heels of the EIA - there is no reason for a delay whatsoever. Should we get both concurrently, that will be a bonkers day (fingers crossed :) )
Looking at the activity yesterday, there’s clearly a few people unsettled by the government announcements. Sounds to me like another cause of delays for the EIA. I’m not prepared to liquidate at a loss and am willing to hold out, but it’s really irritating that DocH is publishing ‘wow, this is great news’ when it’s not actually the key to us seeing the TEC and EIA anytime soon I fear
Just listened to the 18/01 interview by Franye again. Plan was to be into construction by the end of the year. Seems something is snagging - time for an update really, no matter how gristly it is.
For those of us here since last year, it’s certainly a six month delay on the EIA, as the process started later than from when David has built his timeline out from.
I think C19 has very little to do with the almost six months of delay on the EIA. I have a growing suspicion that delays are caused by political pressure from external interests. Are we caught up on competition for the asset? Or something else? It’s starting to feel more like Ascent Resources by the day…
Why C19 would affect the issuance of an EIA approval is what baffles me. It’s a process and just needs to be chalked up on the governmental schedule, reviewed and approved. If what you read about their economic situation, you’d expect this to have been fast tracked to have fx coming through ASAP.
Wouldn’t it be nice if trades were reported as they booked? A 40k buy on the 26th showing this morning.
Some selling because, you know, AIM. But nothing to punch yourself in the nuts for, just as a handful of days factor into when the EIA news will be available.
I did see that when I took a quick look - he does have a bit of a responsibility to some whoh bought in high and have been stuck on the hook! i'd alreday gotten in here, so i'm happy with what will come, just wish i'd bought all of them at the lows rather than on the way down!
we're all set, just one bit of news on the EIA and the teens are long gone, twenties shot through and then the question is how long it takes to get up to fair value...
‘Yeah, my average is 9.9p. Anyone who bought in above that is a mug’. There - eleven’erife.
Helpful kind of comment Dalt, just the type to make people get irritable with you. Well done for such a low average. For everyone else gritting their teeth and looking forward to their investment swing from red to black to blue - it won’t be long now (ever the optimist, here!).