RE: EIA delay28 May 2021 18:14
You have said previously that you like to rely on source material and have encouraged people to do the same. Have you actually checked in this instance?. You, in your position of judge and jury, may not see any reason why they did not release their EIA submission but have you actually checked what the position is as far as Portuguese law or the T&C of the application process? It’s not whether they feel confident enough, it’s whether they can or whether releasing it prior to APA issuing the Notice of Conformity would jeopardise the process they were following. That is the point that needs confirmation and that so far you have failed to address. Until you can point the source to back up your assertions, inferences or insinuations of what you feel could have or should have happened, they really cannot and should not be considered as being valid. If you can, then that would become a point, good or bad, right or wrong, to be discussed. As you say the legal challenge is against APA and they would need to answer for whatever they are accused of, and the extension is perhaps a result of any representations made. I think the extra time to understand the EIA is fundamentally good news.
I would also be grateful if you could untwist and explain your comment regards SAV ‘not being their own masters but have obligations to their shareholders’. Please quote from this exchange of posts where this has been said as I can’t see any reference to any obligation to shareholders. I have often said the SAV has no real control of its diary at present being reliant on other parties be it the government, government bodies or other downstream activities but that has nothing to do with this topic.
The obligations as far as the EIA is concerned are detailed by APA as this is the process they must follow, whatever that may be.
If they make promises or outline commitments, then their obligations are to whoever or whatever grouping those assurances have been given and they would no doubt be held to account for any breaches.
We can pick this up if need be once you have shown that SAV had the right to release the information they submitted to APA without any implications to the process (that is actually one obligation that SAV did have to shareholders ie to do things properly), if not, well, there would not be much point.