Member Info for flundra

Right now I'd take a 17pps offer but would prefer to see a good plan to deliver many multiples of that.

Nice general comment about Falklands oil from Sam Moody today on completion of Navitas' NFB farm in

"The proven oil and gas in the Falklands has the potential to form a material part of wider UK energy supply in a relatively short time frame, bringing with it huge potential security of supply and financial benefits for all stakeholders"

They're doing the right thing re critical raw materials but need to include uranium.

https://ec.europa.eu/commission/presscorner/detail/en/STATEMENT_22_5523

Next step is to establish (via the administrative appeal) that Miteco's refusal to permit, on the back of the CSN 2 report, is unlawful. Opens the door to a claim at the least. Long way to go whatever happens though.
A govt that follows PP's nuclear agenda will help certainly.

"Further in August 2022, PP outlined its political
view that Spain should modify its current climate change law with respect to uranium reserves in Spain to ensure Spain’s energy future is not reliant on Russian sources."

Interesting. More sensible than the coalition's approach.
It would be nice to have an indication from BKY of when the administrative appeal result might be forthcoming. Can't be too much longer?

Inflation headed for 13%+. All the more reason to get our cash into a good project asap. Let's be having you.

The more time that passes with no news, the squeakier shareholders bums are going to get. It would good to hear about a deal/rto soon, well before these 6/12 month deadlines.

Maybe ORM are confident a deal/rto is likely in 6 to 12 months time, and the la zarza disposal has been timed partly so as to avoid listing suspension? We've been told they've been looking at a number of opportunities. Things must just be looking up.

Looks like good disposal terms. Let's see a decent new deal or rto now.

Well worded imo and good focus again on other nations' pro nuke stance. Interesting that the Finnish Greens are now actually pro nuke. Others might follow? And Germany's recent review made it in time for a mention too.
It would be good to know likely timings of the Miteco admin appeal decision. Can't be too much longer hopefully.
There's already a number of reasons for the csn and government to climb down now. Technical financial procedural legal and political obligation and precedent. Miteco could already do the right thing now and avoid accusations of u turns imo.

Hopefully the Portuguese legal system can deal with this action swiftly and decisively, particularly if there's no merit in it. It shouldn't let itself be used tactically by those against the mine.

Doesn't look like a big problem to me.
Like others say, is the affected land significant anyway? Just how important is it to the project? Is there a practical cost effective work around solution? It would be helpful to know what land we're talking about.
SAV were presumably advised by their lawyers at the time of purchase of any shortcomings in the land title, and maybe insured against title being challenged? We assume if the Baldios legal action succeeds, there's redress against the sellers, the Land registry or such insurances.
In the UK land registration system, there's various classes of title, "absolute" being the best, state guaranteed basically. It sounds like the affected land is the Portuguese equivalent of the UK's "qualified" or "possessory" title, and as such challengeable. SAV will doubtless have known all this, and be happy it's not important land, or at least insured it if it is.
Does anyone know how the Portuguese system works?

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.

It's a great interview and the ducks are lining up beautifully now. MKA and all stakeholders seem keen and are getting on with it.