RE:RE:RE:RE:RE:RE:RE:COMEX 405 minutes posted After reviewing the minutes here is MY takeaway and when the 'famous' decision could happen:
- first, a reminder that Roese is on the Agenda for the September Meeting. For example, 404 meeting authorized the Whapmagoostui hybrid plant project and "Transmit a recommendation" was noted. This project is not in the 405 minutes and was not discussed nor noted as it was closed. So if Rose was closed in July based on this example it should not be on the agenda for the September meeting.
- Under 405 meeting correspondence is noted that MELCC submitted some questions regarding surface water management received by COMEX on June 13th. So I highly doubt that this was sent right away to CRE and they replied immediately if CRE’s reply was needed. The minutes say that COMEX only reviewed MELCC questions, with no mention of CRE’s answers (if their input was needed) during the 405B meeting held on June 21st.
- 406 (July) meeting most likely reviewed CRE's reply (or COMEX reply??) but this then needs to be transmitted back to MELCC…. (I know it’s a joke process)
- There could have been another meeting as pointed out like 406B, but since CRE is on the Agenda for the September meeting I expect that the decision will be authorized then.
So permit sometime in October is my thinking.
Don't get me wrong, this is all positive for me as now the market sees that this is THE FINAL stretch and the risk is low so hopefully institutions will start buying and we will go to $2.50 when the permit is announced sometime in October so we can go towards $3.5 at that time with the news.
Perhaps someone can ask CRE management if they have received and answered any new questions recently? I emailed JSL but he never replies to my emails so don’t expect to get an answer now either.