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Bullboard - Stock Discussion Forum Plateau Energy Metals Inc. PLUUF

Plateau Energy Metals Inc is an exploration stage company. The company is in the process of acquisition, and exploration, and evaluation of mineral properties in Peru. It is principally engaged in the exploration for uranium on its properties located in the Macusani plateau region of southeastern Peru and the Falchani lithium project.

GREY:PLUUF - Post Discussion

Plateau Energy Metals Inc. > 9 concessions published as freely claimable by Ingemmet
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Post by juanPeru on Oct 01, 2020 3:25pm

9 concessions published as freely claimable by Ingemmet

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.
Comment by juanPeru on Oct 08, 2020 4:34pm
After the last news about the 9 claims, I have been diving into the Public Registries to check if Ingemmet has indeed been able to register the Expiration Resolution (1) for the 15 concessions (without Medida Cautelar) in the Public Registries, considering that, because of the State of Emergency, things are taking longer than usual in any public entity. I can confirm that, despite having started ...more  
Comment by juanPeru on Dec 22, 2020 3:08pm
I have to make a correction to the above quoted post. I said (highlighted in yellow) that the Registry Court had definitely rejected the appeal made by Macusani, but the truth is that said rejection was not definitely because there is a second instance in the Registry Court. In fact, I can conffirm that Macusani has appealed (1) the Registry Court's decision, so the same Court has to review ...more  
Comment by Y93H1979 on Dec 29, 2020 4:41pm
Good news JP. Ironic that PLU is now using the bureaucracy of the system to fight the system... Also nice to see PLU breaking out. If you look over at ceo.ca, the number of people looking at PLU is consistently one of the highest for all the companies on my watch list, the only one with more viewers is K92 mining. For a thinly traded stock, this tells me there are a lot of poeple on the sidelines ...more  
Comment by JohnPeru on Dec 30, 2020 10:12pm
Be careful what JuanPeru says. His post about overstaking is like fake news. 
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