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Plateau Energy Metals Inc. PLUUF

Plateau Energy Metals Inc is an exploration stage company. The company is in the process of acquisition, and exploration, and evaluation of mineral properties in Peru. It is principally engaged in the exploration for uranium on its properties located in the Macusani plateau region of southeastern Peru and the Falchani lithium project.


GREY:PLUUF - Post by User

Post by juanPeruon Jan 31, 2021 2:57pm
250 Views
Post# 32432168

Peru just started its second lowckdown

Peru just started its second lowckdownDuring the first weeks of the year, and probably as a consequence of the end of year celebrations, the number of covid cases started to rise very fast, which you can appreciate looking at the number of daily deaths for any cause(1). So last Tuesday the government finally ceded to the pressures and decided to start a new lockdown (2).

However, after the lockdown announcement many people started to worry about the economic consequences of a second shutdown, considering that many companies/families were already in the verge of bankruptcy. Hence on the following days the government gradually "clarified" the doubts about the quarantine, including more and more sectors into the list of allowed activities. It was only of Friday that the final list was published (3):

(...)
Professional services:
- Legal activities. (...)
- Assays and analysis for permitted economic activities.
- Research, innovation and experimental development related to permitted economic activities.
(...)
Transport:
Service activities related to rail, land, sea and river transport, including cabotage.
(...)
Air Transport:
Non-commercial aeronautical activities.
Activities related to air transport.
Service activities related to air transport.
Air transfer to and from the Jorge Chavez International Airport (Lima), does not include the departments of Hunuco and Junin.
Load:
Transportation of cargo, merchandise, parcels, removals and flows, in all its modalities and related activities.
(...)
Commerce:
Rental and operating leasing of motor vehicles.
Rental and operating leasing of other types of machinery, equipment and tangible goods.
(...)
Mining:
All activities in the field, inputs and related services.
(...)

So, unlike the first lockdown, this time most economic activities are allowed, thus minimizing the damage to the economy. In fact, almost every business I'm aware of that is outside of the list, will be working this time "with the door closed" as it is called.

What about the Judiciary? Well, they have so many cases pending (4) that they just couldn't dare to close again. So they have decided to continue operating with the following rules (5):

1. Suspend face-to-face work.
2. Establish remote work in a schedule of eight hours a day, (...) the same that will be coordinated with the immediate boss; the scheduling of hearings and all jurisdictional activities that do not involve the displacement of judges and staff must continue.
3. Suspend procedural and administrative deadlines in the jurisdictional and administrative bodies (...).
4. Authorize the judges to remove the files from their respective offices in order to carry out remote work.
(...)
6. All hearings must be virtual and the regulations given for that purpose shall apply. When the indispensable technological or connectivity conditions are not available and in cases of urgency and emergency, it may exceptionally be done in person, having to provide the magistrates and servants with the necessary biosecurity measures and guarantee their transfer.
7. All notifications must be electronic through SINOE, and physical notifications established by law may be made after the sanitary restrictions have been lifted.
8. The receipt of documents will be made through the Electronic Documents Reception Unit, for all specialties or subjects, these entries can be made with digitally signed documents or with a scanned graphic signature (...).
(...)
11. The suspension of procedural deadlines enables the Presidents of the Chambers of the Supreme Court of Justice of the Republic, to interrupt the processing of judicial processes when the conditions that allow virtual processing are not met.
(...)
13. The Administrator of the Supreme Court of Justice of the Republic and the Presidents of the Superior Courts will issue the respective credentials to the personnel who have to attend the judicial headquarters.
(...)

In the case followed by Macusani Yellowcake in the 6th Court (judge Hermoza Castro) the resolutions are already being notified electronically through the SINOE, and the writtings are already being presented in the Electronic Documents reception Unit (Mesa de Partes Electronica), so if we assume that Hermoza Castro is already working from home, then we should expect no change in the speed at which the judicial process is progressing. The only exception to this could be the appeal Ingemmet has presented recently against the first Medida Cautelar (6), because in that case the file has to be raised to a superior Court, so the process could be slower that previously thought depending on the ability of that Court to work remotely.

In summary, I don't expect any major disruption/delay to the work being done by PLU in neither the judicial process, the metallurgical work, nor even in the "boots in the ground" work. After all, with the support the communities received from both PLU (7) and Bear Creek (8) during and after the first covid wave (including a rapid response health care center), I bet a complete lockdown in the area has been avoided this time.


(1) https://cdn-ceo-ca.s3.amazonaws.com/1g13cgm-sinadef_25_01_2021.jpg
(2) https://busquedas.elperuano.pe/normaslegales/decreto-supremo-que-prorroga-el-estado-de-emergencia-naciona-decreto-supremo-n-008-2021-pcm-1923103-1/
(3) https://www.gob.pe/12498-lista-de-actividades-permitidas-en-regiones-con-nivel-de-alerta-extremo
(4) https://gestion.pe/peru/poder-judicial-ha-acumulado-33-millones-de-expedientes-sin-resolver-durante-la-pandemia-nndc-noticia/?ref=gesr
(5) https://actualidadlaboral.com/poder-judicial-acuerda-suspension-de-plazos/
(6) https://stockhouse.com/companies/bullboard?symbol=v.plu&postid=32389756
(7) [url=https://ceo.ca/@nasdaq/plateau-energy-metals-provides-peru-and-corporate-update][/url]
(8) [url=https://ceo.ca/@newsfile/bear-creek-mining-to-undertake-community-infrastructure][/url]

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