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Email to free subscribers today from unemon who also posts at twitter @unemon1This is not the patiently (or exasperatedly) awaited settlement or tribunal decision but a meeting slated by the Thai DPIM explicitly about the matter of renewing Kingsgate's Akara mining licence; so intuitively, why would they have such a meeting unless they are heading towards relicensing? If they had no positive intention, wouldn't they just continue to do nothing? Anyway unemon is expecting a big market reaction if this comes out well - meeting is on June 21. There might be buying pressure in anticipation?Gist of the email:"Potentially great news today for KCN! KCN shareholders have now been waiting for over 5 years for Akara Resources to get a renewal of the mining license and finally be able to operate the Chatree mine in Thailand again! Akara is the owner and operator of the Chatree Mining Complex in Thailand and is a subsidiary of Kingsgate Consolidated Limited.Per my findings, today a date was put on agenda of the Thai "Department of Primary Industries and Mines" TO RENEW THE LICENSE of AKARA. KCN shareholders have been waiting for this development for over 5 years now, since when it 2016 the Chatree mine was ordered to shut down! "On twitter someone answered:"When confirmed, an important first step. Next, details of the financial settlement..."To which unemon said:"reopening is the most important part, financial settlement is just the ice on the cake!"
Email to free subscribers today from unemon who also posts at twitter @unemon1
This is not the patiently (or exasperatedly) awaited settlement or tribunal decision but a meeting slated by the Thai DPIM explicitly about the matter of renewing Kingsgate's Akara mining licence; so intuitively, why would they have such a meeting unless they are heading towards relicensing? If they had no positive intention, wouldn't they just continue to do nothing? Anyway unemon is expecting a big market reaction if this comes out well - meeting is on June 21. There might be buying pressure in anticipation?
Gist of the email:
"Potentially great news today for KCN!
KCN shareholders have now been waiting for over 5 years for Akara Resources to get a renewal of the mining license and finally be able to operate the Chatree mine in Thailand again! Akara is the owner and operator of the Chatree Mining Complex in Thailand and is a subsidiary of Kingsgate Consolidated Limited.
Per my findings, today a date was put on agenda of the Thai "Department of Primary Industries and Mines" TO RENEW THE LICENSE of AKARA. KCN shareholders have been waiting for this development for over 5 years now, since when it 2016 the Chatree mine was ordered to shut down! "
On twitter someone answered:
"When confirmed, an important first step. Next, details of the financial settlement..."
To which unemon said:
"reopening is the most important part, financial settlement is just the ice on the cake!"
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