Comment by ListenandLearnon Jan 24, 2025 7:23am

91 Views
Post# 36418498
RE:I wonder how the Annex is coming along?
RE:I wonder how the Annex is coming along?What we do know for sure is that:
(1) there is no mechanism in the Serbian Mining Law to grant more than a 30-day extension when requiring additional info. and,
(2) the Serbs do not follow their mining law to the letter,
(3) PP'ers have put $ in spite of the above, and
(4) Anyone in-the-know is not posting any updates on this board.
From (1) It would be highly improbable that the Serbs would put down in writting that they have granted an extension to BONE and from (2) there's no indications that the Serbs will not accept additional info. after the deadline - Moreover, you have to keep in mind that the Serbs (again according the the mining law) would have to inform BONE that it's not getting it's mining license - something that BONE would have to report back to its shareholders. Obviously that was not done to date, so we can assume that the process in on-going.
From (3), PP'ers must have been given assurances that the process is on-track before handing over their $. Put yourself in their shoes.
So the way I see it, all indications are pointing to BONE getting it's mining license but we don't know if they've sumitted the additional info. or not - no NR and from (4).
Hopefully BONE will get their mining license before the spring but Serbia + BONE has proven so far to be a wickedly bad combination for us, small shareholders. Let's see what happens...