Member Info for flundra

Sky reported this morning the Hungarians received Russian uranium today and an embargo would be a red line for them.
The Germans and others seem to be dragging their heels re Russian fossil fuels too.
Anything other than a complete embargo on all Russian stuff is unconscionable though.

All good things I guess.

Re MKA's rutile:
30/9/21...results show geological similarities to saprolite-hosted rutile mineralisation recently discovered on the adjoining Sovereign Metals licence to the east.

So it's encouraging to hear today that that's where the largest natural rutile deposit ever discovered is.

There was clearly good interest from a broad range of investors.

Special Crossing completed to clients of Argonaut Securities that include several specialist natural resources funds and a broad array of high-quality investors, based in Australia and overseas

Presumably the required notifications from the buyers of OIA's shares following settlement of that lawsuit.

https://www.proactiveinvestors.co.uk/companies/news/978780/sovereign-metals-confirms-kasiya-natural-rutile-deposit-is-the-largest-ever-discovered-978780.html

Hope we've got as much rutile as SVML. It would be nice to be told.

Must be a garden path. Well done to Raquel and muchachos for doing their bit to lead Spain up it.

Looking at this latest ipcc thing, I hate to think what Spain will come up with next. Maybe spend millions building a couple of CO2 extractor fans in Salamanca.

I said "otherwise". So I reckon either TA's buying (I agree news less likely if so), or others are buying, anticipating news which might be coming.

Nice rise. Anderson buying perhaps. Similar pattern to last time he bought. Notification coming perhaps.
Otherwise maybe news coming. Here's hoping.

Doesn't look like it, but shouldn't take up have been 100%?
The ask stayed above 1.3p after 9 March and went over 2p at times. At the very least shareholders could have funded their guaranteed open offer entitlement by selling some shares over 1.3p and pocketed the difference. Free money. Same shareholding at the end of the process.

In that regard, I think the latest ipcc report is due today. The one that will say what we actually need to do. It might help inform and improve Spanish policy.

None of us is getting any younger and this unlawfully delayed project needs to get going.
We shouldn't lie back smiling with our legs apart. Casteljon and his co-conspirators have got funny smiles on their faces and need stopping.

I don't agree BKY should take these unlawful reports and decisions lying down. They're doing the right thing vigorously defending their/our position. The legal opinions are very bullish. So we hope to win (and hopefully recover costs too) then progress. If CSN and the government change, great, then just withdraw proceedings, but waiting hoping for that to happen wouldn't be the right strategy.

Let's see if the administrative appeal is successful. It should be if BKY and their lawyers are right, although you can't second guess the outcome.
Failing that we'll have to wait for change at CSN and the government.
Keep slurping the soup in the meantime.

If the CSN and government need an honourable climb down, they could take and publish legal advice (which would no doubt reflect BKY/Freehill's position) and say in the interests of law and democracy they're reluctantly permitting the project.

The current Spanish government have brazenly flouted the law to stymie BKY's project, so may well also be capable of buying Russian uranium in roubles (front or back door like you suggest) in their insane approach to all this. Their EU leanings might prevent this though. France and Germany are baulking at buying gas in roubles eg.
I suspect the late bky sp rally today reflected market concern that other commodities from Russia like uranium might have to be bought in roubles now too.

Might Russia insist on payment in roubles for uranium like is now proposed for gas? Might Spain be dumb enough to do this directly/indirectly (ca 40% of its uranium's from Russia)?
Would it be a good idea to get its own uranium from Retortillo instead?

There's never been a better time to monetize/commercialise Darwin and develop the wider acreage. Hopefully the bod will do this very shortly.

100% unless shareholders have said no to free money.

I suspect some shareholders will be selling some at these levels to fund their open offer entitlements, and either applying for more or pocketing the difference (free money basically). Then inevitably some more sells in the very short term if the ask holds up after 31 Mar. But this is basically a buy imo.
The beeb are pointing out that today's EU/US gas deal won't fill the gap if Russian supplies are removed, so for this and so many other reasons the time is ripe to develop Darwin and BOR's wider acreage imo. Roll on a farm out.

Nice sp rise again. It's difficult to see how Spain can possibly continue to buy nearly 40% of its uranium from Russia, wrong in so many ways. It's sitting on its own reserves, ready for immediate easy safe exploitation, and legally, it should already have permitted this.