Major hurdle cleared Orea "Rock Lefranois, President and CEO of Orea, commented “Two courts have now agreed with us that we have the right to the renewal of the mining concessions to our world-class gold deposit. We’ve prepared all applications for mine construction and mining permits, including comprehensive environmental studies, and are set to file as soon as the Supreme Court puts an end to these delays. Fortunately, Orea is fully carried until all permits are received and is not required to fund the legal costs.”
The Government has two months to file one final appeal to the Supreme Court (Conseil d’Etat). An appeal, if filed, would, in principle, have no suspensive effect; the Supreme Court would not reconsider the facts and would limit its review to interpretation of relevant law..."
WE Won the court case . That was a major hurdle, and now we can actually move forward with mine construction and submitting mine permits and environmental studies , which are all already prepared according to the CEO. And regardless of 123's spin that is coming, he has no idea what's going to happen. My thoughts are NG is suing the French government to apply pressure to make sure Montagne project moves forward hastily. $9.13 Billion mine owned 45% by OREA and 55% by the richest man/family in Russia. With the new environmental study Orea put out a few months ago, this proves these guys are on top of it. Going to be a big 2022 for us real longs, bad one for the shorts/fake longs