It is consensus on this boardthat NAG will not have its permit by end of month because Aug.29 is the deadline for industry feedbacks.
We do know some companies have already received the permits, these companies are real players. After Aug.29, the ministry will need time to complete the process and filter out coal play P&Ds.
Nag won’t receive the permit in the near (or intermediate) future. NAG will continue to go down the tunnel (on the chart).
Without real movement = no sizable rebound = drifting lower
because they have permits, GXS or WGF will move up. NAG or othre wannabes won't move up.