Adrian Hargrave, CEO of SEEEN, explains how the Company is now funded through to profitability. Watch the video here.
I fear he has come up with the answers Paul. It's...wait for it.....wind and solar!! Yay!
And he's fanatical about it too.
Unfortunately he hasn't realised he's a great asset for the fossil fuels industry, and its successful future because no government would allow the emissions and chaos he's pushing for.
A quick look at the GB energy dashboard for electricity generation just now tells me wind's contributing 3% (same as coal) and solar 2%.
It's tragic.
https://www.energydashboard.co.uk/live
I suspect BKY's approach now will be to get the Advisory Committee to put pressure on business and government to grant these permits. That's useful groundwork however things pan out.
I reckon BKY will wait for at least the first judgement in the administrative appeal, and the outcome of the next general election, before taking any further legal action (eg international arbitration). If an unfavourable government gets elected in 2023 and doesn't comply promptly with the appeal judgement at the end of that legal process, BKY must surely go for compensation through arbitration or whatever's the best legal route. Early in 2024 perhaps. Otherwise it's another 4 years + in the wilderness. This could become a litigation play which itself could take years.
Hopefully the government will just grant the permits now, do the right thing politically environmentally socially economically legally morally. Can't be that difficult. JFDI.
Lol easyp!
The Sunday Times has a good full page article on p8 Biz Section today about nuclear's growing importance, the Russia problem, looming supply side problems etc etc. It even says miners are licking their lips at the prospect of higher prices.
One day for BKY hopefully...
So this notification seems to be just a technical legal step to preserve BKY's right to pursue international arbitration in future, if Spain withdraws from the ECT.
Otherwise BKY's approach remains persistence rather than confrontation atm. Imo BKY are well advised, so I guess we have to live with the ongoing delay, and keep going with the softly softly approach rather than pile in with lawsuits now. That said, I doubt anyone realistically thinks the government will ever change tack. As the next election approaches, the best tactic might be to wait in the hope of a favourable government getting in, then go on the attack and launch the lawsuits if this current lot get back in.
The administrative appeal is still to be resolved after nearly a year disappointingly. That might change things if MITECO or CSN are ordered to reconsider, but then again this is a government who've already said they'll say no whatever.
Songwe's potential to contribute 2% of Malawi's GDP is an interesting figure being bandied about atm. Underlines the scale and importance. And one comparison: 2% of GDP is what NATO countries aim to spend on defence. Huge sums.
Interesting that BKY's own lawyer is on this advisory committee. Indicates (as if we didn't already know) that legally BKY's position is sound. Hopefully it will help put some pressure on to Government to grant these permits, or even just to act lawfully for once.
And we need to hear where we're at with this administrative appeal too.
Spain sources/buys nearly 40% of its uranium from Russia (through state-controlled Rosatom) and continues to do so, even though there is no moral social economic environmental or financial case, given that BKY's project is ready to go, and is only being held up because of Miteco's unlawful withholding of permitting.
Russia has started and is pursuing and paying for a bloody illegal war, funded in part by this Spanish money. Sanctions don't include uranium yet.
So yes, the Spanish taxpayer is funding murder, pursuing the coalition's absurd unconscionable ideology and unlawful actions. It needs to stop buying Russian uranium, and permit the mine or pay BKY compensation.
https://euobserver.com/world/156226
Looking back at the 23 Aug 2012 RNS BOR could make a material contribution to fuelling the UK economy
Borders & Southern's prospect inventory contains further relatively low risk structural prospects of a similar size to Darwin along with stratigraphically trapped fans of slightly higher risk but larger scale. Some of these prospects will be targeted in the next drilling phase with the objective of adding to the discovered resources of Darwin and building a core development area.