Just a head upThe first nation appeal is expected to be heard on October 9th at 9:30am in the Edmonton Alberta Court of Appeal. Two things might happen: either the judge start the formal appeal process or he dismiss the case.
Either way, according to an NBF report I posted a few weeks ago, the put/call trigger is unaffected by the pending appeal given that the process runs in parallel. Still, I expect the share to jump if judge dismiss the case. We might also experience a short squeeze (8-10 % of the share are shorted), because the First Nation will have no appeal left to stop the project.
As a reminder, NBF analyst expect final approvals in the October timeframe with put proceeds on ATH’s books before year-end.