TSXV:KRY - Post Discussion
Post by
staukelover on Apr 12, 2023 7:08pm
Haib License Renewal
So it has been over a month since the courts ruled in favour of DSM and decided that the ministry of mines was unlawful in their denial of the license renewal. This week is another small step for DSM as the period for the MoM to appeal the court's decision has now passed.
I don't think anyone thought for a moment that the MoM would appeal the decision but it is good that the opportunity for appeal has passed and we can put that possibility behind us. This might explain the recent jump in share price. The recent share price action has been pleasing with a support level having now been established at 0.08. Buying at these levels is decidely much lower risk than it was just over a month ago so for those that have been following DSM, now would seem like the greatest risk vs reward time to buy. Recent CPI data coming out of the US hopefully also allaying fears of a recession.
Moving forward, DSM will no doubt be busy getting their paperwork together to apply to renew the license. Pierre has mentioned in interviews that informatlly he received an apology from the new Mining Comissioner so hopefully the license renewal application will be treated with priority and renewed quickly. If this happens within another month or 2 then that will be a win for DSM. Exciting times ahead as I feel they are turning a corner ready for a big 2023.
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