Agree, we need the mining lease sorted. RNU seem to have submitted a robust level of info and have responded to public concerns. This mine going ahead is a great news story for SA. Hopefully they have government support and the mining lease is approved without issue.
They submitted responses a few weeks ago so approval must be anytime now. That is likely to be the catalyst to a rise to fair value.
Clearly there are confident people out there based on options still being sold when the strike price is double the current SP. So it only makes sense to buy options if there is belief that the SP will be at least 3.5C before October. This is also in the best interest for RNU as option conversion will = more cash in the bank.
Ann: BurnVoir Appointed as Financial Adviser for Siviour, page-41
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