https://www.gov.uk/government/publications/uk-critical-mineral-strategy/resilience-for-the-future-the-uks-critical-minerals-strategy
Nice mention for PRE
Presumably no way in for big money without favourable reports and permitting, without which there's no project to fund. CSN Ribera etc strike me as fanatical in their anti nuclear stance, unafraid to break the law to achieve this political end, so will likewise presumably stick 2 fingers up to big money too.
Helps nuclear's case and might help future funding (we know bky will need more). I doubt Ribera & Co will change tack though. It's about the administrative appeal atm to my mind.
https://www.reuters.com/business/sustainable-business/eu-parliament-vote-green-gas-nuclear-rules-2022-07-06/
I recall this was opposed by Spain. Their reaction will be interesting. So far Austria Luxembourg and greenpeace are reported to be mounting legal challenges.
I imagine the market perceives delay now, ahead of the MDA and funding. So traders and weak holders may exit for now. Not untypical for natural resources growth stocks.
The fundamentals make this a no brainer though. And a real advantage is that all stakeholders are singing from the same let's get on with it hymn sheet. Usually there's some concern, like management dither, or a regulatory body delaying permits/licenses, or local protests. None of that here. Even the banks are queueing up.
Particular patience is needed where governments (incl. the US) are involved in an international project.
All imho.
Timing concerns because of so many moving parts needing to come together perhaps? Accumulate/buy imo. And no need to sleep with the Minister or anyone else Tuff. It's happening. Rich by Christmas with dignity intact I reckon.
Nice director buy.
I'd like to think we'll get news soon about progress with the administrative appeal.
Time to buy maybe? Ask sub 20p, any OIA shares overhang clearing, reasonable to expect administrative appeal success? U fundamentals strong.
I'm perhaps wearing the same spectacles, but see ORM more as a coiled spring, a rapid response team on high alert ready to pounce as soon as the right opportunity arises. Hopefully we haven't been put away in the cupboard with mothballs, at least.
The important upcoming news is progress in the administrative appeal (judicial review) of the unfavorable CSN2 report. If BKY can establish it was unlawful (they're confident they can) it opens the door to getting a lawful (favorable) report and then permitting or a whopping great compensation claim.
Right PoC, but we're talking about many govts worldwide thinking about windfall taxation (or having already done it), and FiG often and most frequently takes its lead from the uk. BOR safe from any new windfall tax though imo.
Govt seem to be working on a package, involving going after big cash generative producers (BP, Shell etc) who are benefitting from o+g price rises and who aren't re-investing enough of that cash. And quite possibly only a one-off yes. BOR hopefully unaffected as they aren't producing, have no cash or income to speak of, and have invested lots.
An update would be very welcome, and the lack of comms is frustrating, although there's perhaps nothing to say until a deal is struck. I guess our main comfort is in the fact that directors fees are being waived, helping preserve cash. Shareholders will have their view of the bod, and I'd rather wait for the right deal, than pursue any old deal. I'm encouraged by CGNR's progress, where McMorrow's a NED.
ORM went through an administrative appeals process in the same jurisdiction and it took several months. There can be appeals within appeals, so I'd say don't hold your breath, but as BKY's case is so strong, that should mean the process is shorter than it otherwise could be, with a good chance for a BKY win, and less chance of that win being appealed further, successfully or at all.
The SP seems to be holding above 20p, even though we could perhaps expect an overhang from the shares bought from OIA in the lawsuit settlement @ A$0.35 (approx 20p). That's assuming there were no restrictions on selling in the settlement purchases.
Politically, BKY's comments in the quarterly report about PP's pro-nuclear stance were interesting.