RE: Golden Queen Receives Notice of Compliance fro There are two ways a project can be killed from the regulatory perspective:
1) Outright deny the reqired permits.
2) Add hundreds of "conditions" reasonable or unreasonable to the permit making the project uneconomical.
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Problem with the first appraoch is that companies tend to go to court to force a regulator to do its job, and gee, no agency wants that kind o publicity.
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So instead one requires all kinds of things that turn the mine into a gold-plated data environmental data collection systems in hopes that one day one can mine the data and find reasons to close the mine, or at least have enough data to deny permits in the future. Also, unless the regulators specifically spell out a timeframe for the regulators to review and respond to permits, the agencies can take forever to respond. Is this what we are seeing in action? Maybe the regulators can blame the fiscal crisis in CA - they don't have enough people to do the permit reviews and can't hire more reviwers?
Why anyone would take the chance of trying mining in California is beyond me. They don't call CA the land of fruits and nuts for nothing.
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But alas, what is up with all of the steady and constant selling of shares by the company President?
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https://www.sec.gov/cgi-bin/browse-edgar?company=golden+queen&CIK=&filenum=&State=&SIC=&owner=only&action=getcompany
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