RE:Appeal obtained by CMO in BordeauxThanks for posting. Yes, despite the legalize (legal world can’t seem to state things in a matter-of-fact way; guess it all helps justify those legal fees) it looks like they overcame the permit challenge by the French gov’. The release suggests NG/OREA demonstrated ability to the court, at least at this stage, to be able to conduct and finance the mine construction and cover environmental costs.
This may all have been a ploy by the French gov’ to try take the permits out of NG/OREA’s hands before any mine permit decision (maybe less legal implications should a permit then be denied to companies now not even holding the site licenses).
Now we await the actual NG submission of the reports and mine apps. Supposedly these will be in before the end of the 1/3 quarter. The sp has understandably been in the doldrums as OREA is given basically zero value for its Montagne d’OR gold, while also holding a new project which has yet to be confirmed along with Maripa which has more exploration results needed to attract investors.
However, the FG mine project submission should bring eyes and a reevaluation to the stock. Further, awarding a permit would be an OREA sp catalyst. But, that’s if NG hasn’t already made a preemptive high risk hostile bid with a low-ball offer based on the sp, compared to the real inground value of OREA P&P oz that would come to ‘life’ on mine approval.
GLTA -
https://twitter.com/EarthsRare