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Someone's telling porkies. Who do you trust?

The ideological anti-nuclear factions in the coalition (Ribera/Podemos etc) driving this policy, and who are no strangers to controversy? CSN commissioners like the grossly conflicted Francisco Castejon who has campaigned against nuclear energy generation, and specifically against Berkeley's mine? A government on record via Reuters saying no whatever the facts and law?

Or BKY?

I agree ***
Perhaps the market also fears refusal, delay, adverse conditions and limitations on the permit, more legislation or legal challenges etc. The current coalition isn't keen on anything radioactive, and seems set on making the same mistakes as Germany. It's a fraud on the people, as policy promises to reduce emissions, whilst in practice increasing them. It's old ideological aspiration not achievable policy. Dangerous and destructive. Imo.

ROC’s ancient history now, but I fear Anderson might have stopped a good deal here, rather than saved the day. I think the suggestion is that the 2014 report figures might be unreliable because the AIW chairman at the time (P Landau) has a reputation. Perhaps, but it doesn’t necessarily follow, and Anderson’s not exactly known as a saint either. And the ORM deal collapsed because the sellers/licence holders wanted IN (not OUT), or a higher price. That suggests a good asset, and moreover ORM’s DD will have gone well beyond just reading that report. Also, copper demand/price has risen strongly to a 9 year high, and is widely forecast to go higher still - the dynamics have become very positive. Right commodity, potentially excellent asset and risk-sharing deal structure, but…

….all history, so onwards and upwards with something else now.

IMO the important Qs now are what’s Anderson’s agenda or plan, and are he, management and the bod capable of aligning their interests and pulling together, or alternatively do the bod have a plan B Anderson can't disrupt.

The senate might throw out the amendment I guess, but perhaps not. At least Salamanca will survive, and even if the final NSC II approval isn't forthcoming, there are very strong legal cases for damages and compensation. (Incidentally AURA are claiming compensation from the Swedish state for expropriation of mining rights at Haggan, following the outlawing of uranium mining in Sweden). Hardly an investment case for BKY, but good "insurance"/support for the SP if the mine can't proceed.

There's some good nerdy stats and graphs about Spain's energy sources here.

https://ourworldindata.org/energy/country/spain

It's so obvious renewables alone won't get close to meeting demand, so like has happened in Germany over the last decade, by phasing out nuclear, Spain are indirectly voting to increase hydrocarbon use imo.
In Spain, electricity from nuclear (the best and most productive clean technology) has increased steadily over the last decade (electrification being particularly important going forward). Much is made of renewables' increasing share of electricity production, but it remains a fraction of total energy consumption (which includes transport, heating etc), with no prospect of getting anywhere close to providing it all. For primary energy sources in 2019, it was approx 75% fossil fuels, 25% low-carbon.

Spain should embrace nuclear and uranium mining to address the urgent short term need to reduce greenhouse gas emissions, and as part of the bridging energy source, at least until renewables and its infrastructure is built, stable and proven. imo.

Thanks for the insight MAZ. Oh for a crystal ball to see how this plays out and what the uptake will actually be.

V interesting to have a dairy farmer's perspective here.
Do you/dairy farmers reckon non-dairy milks, Oatly etc, will further displace dairy milk's market share? I also imagine there's worry generally about disruption from alt foods, but do some see an opportunity too perhaps?

Yes, you'd think a 4 or 5 fold increase in 6 months would have generated more PI interest already, although investment trusts don't seem to get much attention on these chatboards.
I'm particularly looking forward to having some BlueNalu mahi mahi! The actual fish is deeee-licious, and if they can get anywhere near that, it'll be a winner.

They're working on structured cuts of meat too, using edible or dissolving scaffolds, but that'll be further down the line if achieved at all.
Livestock farming will change a lot if this sector takes off. Jim says theoretically the jobs/businesses transfer, but the disruption wouldn't be easy.
Good time to be retiring perhaps MAZ...good luck with ANIC and the flowers.

Conceptually brilliant project, and fantastic to have achieved substantial public funding.

Brian Timmons has to be a key character in all this, presumably the man with Anderson’s ear, and who is Anderson’s nominee/voice at bod level.

25/6/20 RNS
Ormonde announces the appointment of Mr. Brian Timmons to its Board of Directors (the "Board"), as a non-executive director, on 24 June 2020. Mr. Timmons' appointment is at the request of the Company's largest shareholder and the Board believes that Mr. Timmons can add perspective to the Board as it seeks to develop its business.

So what’s Timmons’ perspective, and what happened with ROC? Did the bod go too far with the deal too fast? Did Timmons encourage the bod to do this, confident he’d deliver Anderson’s res 6 vote, but then failed to do so? Or did the rest of the bod (and who in particular?) persuade Timmons to go along with ROC despite Timmons urging caution because of Anderson’s stance? Or were some or all of the bod too gung h o, wrongfully convinced a cash deal was achievable? And what of Anderson himself, we can still only guess at his agenda - does he blow hot and cold perhaps, or is there a masterplan? Who else is influential here, Carroll still maybe? Gardiner?

ORM TA and the bod need to get their collective act together, and pull together in the same direction. All bod members carry some degree of responsibility for this latest ROC debacle. I wouldn’t want to see a mass bloodbath, but I suspect there’s a key villain or villains here.

Too much seems to hinge on TA, and perhaps Brian Timmons his bod nominee NED from 25/6/20. I fear the time since failing to get share issue res 6 (and perhaps before too) has been spent just in a horse trade on sale price of ROC which was too difficult to win, probably with BT and TA pulling too hard in a different direction. They've got to sort this. We shareholders are suffering, and we can't have a dysfunctional bod trying to negotiate deals with one arm tied behind its back effectively (cash deals excepted). Bod and TA must align and act as one.
My questions are still: What's TA's agenda, and what's his relationship/dialogue with the bod?

Yes, is he trying to push a deal with Circle, just protecting his equity, or something else? Is there any dialogue, past present or future, between him and the bod? Who knows.
BarneyR, yes I fear relations might not be too great atm....

Whatever TA's motives are, ORM's beholden to him for any other deal which includes any "Ormonde share based consideration". Limits the options rather. I wonder if TA was ever persuadable, by the bod or other shareholders, and what efforts were made with him, and will be made in future? I wonder too if the bod have any other possible deal waiting in the wings, cash purchase perhaps? ROC falling through must have been on the cards for a while. They shouldn't try and structure another deal basically conditional upon TA's approval, for sure.
This is v disappointing, ROC looked excellent :(

https://www.atlanticcouncil.org/blogs/africasource/africas-real-strategic-import-for-the-green-economy/

Encouraging, particularly the sections on copper/iron in DRC/ROC

Jim mentions Netflix's Seaspiracy, which emphasises the damage from industrial scale modern fishing (good coverage already having been given recently to damage from plastics, toxins and fish farming). It's another argument in favour of cell ag seafood (if any is needed!), which is the area most likely to deliver the early returns for ANIC (eg from BlueNalu, and Shiok in time). Jim also talks of ANIC having invested in 14 of about 30 companies identified in Moo's Law as investable. That leaves another 16 or so new potential investees ripe for ANIC to invest in presumably. Put this together with Jim's often repeated aspiration for ANIC to quadruple in size by the end of this year, and there could be a big announcement coming.....

Another unrelated thought. The previous concerns around GM foods seems to have all but disappeared now, as transgenics is superseded by direct DNA alteration, which is basically only selective breeding but without the wait, something that's acceptable to pretty much everyone, and has been done for 1000s of years. So if the arguments against GM are falling away, there's even less of an objection or argument against cell ag, which isn't even GM.

Happy Easter all. Hopefully a good deal is just round the corner now.

The world’s most successful investor, Warren Buffet, famously said “The stock market is a device for transferring money from the impatient to the patient”

Love to see them try just to hear the chorus of **** offs from the shareholders! Me at the front singing loudest.

More questions than answers? As a question of law, can CNE carry on with seizing assets whilst the appeal runs its course, will CNE carry on its seizure programme even if it can, and are settlement negotiations ongoing? What's the impact on the international court orders recognising the arbitration award?

Building back better and greener means the world will need a lot of copper, so now would be a very good time to buy a decent copper project on good terms.

Right, sadly. Germany's power from coal alone has now risen to 25% (more than Poland even), and Merkel's successor is pushing for more Russian gas. Unbelievable in this day and age. You couldn't make it up, and ironically the influential "Greens" are mainly responsible. Hydrocarbons, climate change and destruction it is then, until reality dawns. We need more Zion Lights type characters, more nukes. You have to whisper it still, it's a bit like being gay in the 1960s, but nukes should come out and be loud and proud. Spain have a similar issue atm, but BKY will keep the scrap going at least, well done to them.