RE: ** Shareholder AGM Resolution **30 Apr 2024 18:16
The resolution in itself is not a bad idea BUT, if EUA are “ mining “ currently OR it is the smaller % owner carrying out works, this is for good reason.
Forgetting why any investors think this should be the case, allowed or other …. The public statement of “ no mining “ in 2023 or 2024 is within a legal RNS.
We could argue “ stripping “ isn’t mining or “ stripping “ is technically mining due to the fact this work has to be carried out for mineral extraction, but there has to be good legal/deal reasoning to publicly state such.
My view of such is that why not carry out such works / smaller holder carry out works or even buyer/s making a little headway but not publicly acknowledging such based upon maybe sanction contravening/ bringing any authority’s into looking/ Russia wanting to see movement forward etc etc, there could be multiple rationale to such that’s for sure.
EGM for a subsidiary won’t be unimportant that is also for sure, coupled with many other factors over the last yr or so could be the final jaunt in this trip.
I for one wouldn’t want to see any development with this muted continuing with Monc area as this COULD risk any deal with any slight sanction contraventions based upon activity currently going ahead in WK but not publicly acknowledged.