Member Info for jonny_five

Ah sorry I think I misread you May 11 comment and see you had made assumptions of their being an objection raised, not that there had been one.

1 Screening (Determining whether an EIA / IEE is required for a project) 6 days
2 Scoping (Determining the scope of the EIA / IEE study and issuing of Terms of Reference) 14 days for IEE and 30 days for EIA
3 Preparation of the EIA / IEE report No time limit has been given since the project proponent is responsible for this.
4. Review of the EIA / IEE report
The review involves both public and technical review
(a) Public review (applicable only for EIAs) The project proponent needs to respond to the public comments received. 30 working days
(b) Technical review 21 days for IEE and 30 days for EIA.
5 EIA / IEE Decision
Granting approval with terms and conditions or rejection with reasons.

From what I read the technical review runs in conjunction with the public review at the same time. And this is why an April meeting was scheduled to make a final decision. Not sure how they can hold that meeting with the technical review still ongoing. But I might be wrong. What I don't understand is how they can have a public comment raised on 11th May which requires an answer when the public consultation finished well before then in March. Either way, its all guesswork really but not long to wait either way.

David, that's interesting thanks as Ive been trying to work out a timeframe for the EIA decision but with no luck. Can I ask what your source is for their EIA process and timescales, as I couldn't find anything at all. Have you managed to find decisions made and the previous timeframes for those? Cheers.

The wider markets are getting battered. My watch list of 40 stocks, of which 38 are red and two are level, and one of those looks about to go red too lol. A switch off day

We haven't heard anything to suggest they didn't meet in April as per the last RNS so hopefully a decision shortly. Covid numbers seem consistently low in Sri Lanka throughout the pandemic so I don't see that being or becoming a stumbling block.

These pullbacks to 25 are annoying and very frustrating but there's only so much stock that can be sold into these rises. One time its gonna rise and carry on going.

I would be smashing the ask if I didn't have all my cash tied up elsewhere. Tempted to liquidate a couple of holdings if it stays here.

And some chunky buys coming through now. Hopefully we touched the bottom and its onwards and upwards into the licensing decisions.

Im not a fan of his either, but I actually only found the share thanks to him highlighting it podcast I listened to, abut its only through my own subsequent research that I have invested heavily. This is a great opportunity to make significant gains IMO. So love him or loathe him, he still has his uses!

So why did you buy at 25p and want more at 20p if Mystic Meg told you the EIA would be delayed? It doesn't make sense much like your ramblings.

And you said only two months ago " I can buy more at 20p by the end of the month when I get paid." No credibility at all lol

Stop repeating that. You have no grounds for that whatsoever. Its baseless scaremongering

I don't think so. The major shareholder invested at £1 equivalent. Interviews suggest they are in for the long haul. I think these prices will look a steal in a few weeks and an absolute bargain in a few months

Lots of us have "years on AIM" but that is zero grounds or evidence for that statement at all, other than an ulterior motive to get in lower, at a SP entry that seems to go up and own like a yoyo dependant on what day of the week you post! Its possible it may be delayed, it also is unlikely to not be. Id be more inclined to say not seeing as it had been pre approved prior to the public consultation which doesn't appear top have thrown up any concerns that weren't previously addressed in the EIA.

Someones just bought 1.1% of the company in one trade

But you are right about the volume, doesn't budge on any buying and then drops on minuscule sells. The silver lining is that it should gap up quite quickly when we have positive sentiment and news.

Have you not ready any of the RNSs? It was published ages ago and was at public consultation. Its on their website and is at a meeting for a decision this month.

EIA decision this month will be the catalyst to get us moving in the right direction. Not long now

Some people are such drama queens. Patience is all that's required.