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Or more precisely in the next two weeks? I'm just wondering if the longish Christmas break works to suppress momentum, even to the extent of making would-be buyers forget, come January, what happened two to three weeks before? Those of you who know more about the operation of the markets might say that this has no effect whatsoever on a share with good fundamentals.
Thanks, Tarquin. I was looking for the update on their site, but it wasn't there when I was looking, as far as I could see. Last year they had some internal issue that kept them closed beyond the Christmas break, if I remember correctly.
I remember this time last year we were taking account of KNAC's Christmas holidays when we were wondering how things were going. If their arrangements follow last year's pattern we'd expect them to be closed from Thursday 21 December - three weeks yesterday - until Monday 8 January 2024.
Cynically, I might also add that the reason "the majority of Americans are convinced the US is in economic decline" could owe much to media which are only too strenuously paving the way for the return of He Who Will Make America Great Again.
It's good to see that there are several comments from people with their feet on the ground about the inevitable protocols and procedures to be followed, and the realistic timeframe for pursuing these. A complete contrast to the picture painted earlier in the week that someone at the KNAC meeting would be given the nod to "slip out and tell the UFO lot that they'll all be millionaires in about an hour or so".
I would go further, Monochrome. I can imagine that the formalities of recording the minutes of a meeting, getting those draft minutes approved by the chair, and then translating the decisions made into a legal framework and conveying this to IOCA/UFO could take several days. Unfortunately, we live in the social media age, in which people need to have everything NOW.
Amid all this frenzy about time zones Enuff and monochrome are echoing exactly what I said a week ago, when I pointed out that KNAC, not being a listed company, is not itself an RNS-issuing body. UFO is. But would you really expect UFO to issue an RNS on the basis that "some bloke phoned up and said they'd agreed"?
I'm not certain that we'll see fireworks on the 30th, FG. It may take a few days after that. After all, the meeting on the 29th is a KNAC affair, and KNAC of course is not itself an RNS-issuing body. I imagine it would require the outcome of the meeting to be formally notified to IOCA by KNAC by some means (Directly? Via the WA Government?) before UFO can issue an RNS. Of course, the outcome of the meeting might emerge informally, which could cause early fireworks, but I'm just putting down a marker of caution, so that folk don't get impatient next week.
Yes, HH, as I've said on here a couple of times in the past, I've been hopeful that things have proceeded along the lines of the 'critical path' that they used to teach in my early days at work (roughly around the birth of the Industrial Revolution). But you never know. If things happen sequentially rather than coincidentally, then the goal could still be some way off, as you suggest.
Seems we're all singing off the same hymn sheet, pete. So much for being a mere small investor, you sometimes have to be almost a barrister to dissect the meanings within the legalistic framework.
As I understand things, pete, it's not the actual mining license that will be granted next week, but KNAC's consent to this happening. The license will come from the WA Government, possibly very quickly afterwards. This whole process has taken quite a bit of fathoming all along.
Best wishes Barrett. Been there, had it happen. In my early days on AIM I lost hand over fist trying to grow investments or recoup losses. My timing was abysmal on almost every occasion. It's why I've been holding tight on here, not exactly through thick and thin, more like thin and thin up to now, LOL.