Obviously not the good news we were waiting for. 9 out of the 15 claims without a Medida Cautelar have been published yesterday in "El Peruano" gazette as freely claimable. That is, anyone but Macusani Yellowcake will be able to bid for these 9 claims starting on November 2nd:
https://cdn.ceo.ca/1fnc9pf-aviso_libre_denunciabilidad.pdf These are the 15 claims without medida cautelar, those with a "Yes" in the second column have been published as freely claimable:
Concession | Published |
Chachazoniza | Yes |
Chachazoniza II | Yes |
Chapi "U" | Yes |
Huaritua 3 | Yes |
Huaritua II | Yes |
Colibri II | No |
Triunfador 2 | No |
Triunfador 4 | No |
Chapi III | Yes |
Ocacasa 4 | Yes |
Porsiaca Estrella | No |
Samilio I | Yes |
Tantamaco 6 | No |
Tupuramani | No |
Lincoln XXXII | Yes |
Despite the delays people have been suffering in all public entities (including the Judiciary and the Public Registries) it seems Ingemmet was able to register the expiration of these 9 claims in the Public Registries and so was also able to publish them as freely claimable. Now you may ask:
Why weren't the other 6 claims published as freely claimable? It seems to me the registration of theirs expiration is taking more time, so I assume they will be published as freely claimable the next quarter, that is, on December 31st.
Can this be overturned? I don't know, but the most likely outcome is somebody else will stake these claims on November.
Why is PLU taking so long to release this news? I guess they were waiting for us to figure out by ourselves, like on August last year XD... But, more seriously, I don't think they need to worry so much about this, at this point any shareholder knew this was a real risk and, after all, that was the reason an alternative case was included in the PEA.