Fellow investors. Today’s announced news, isn’t really one. It...

Fellow investors.
Today’s announced news, isn’t really one.
It was clear, that PDZ is waiting for the environment decision, that they submitted in October 2017. Without this concession, PDZ isn’t able to submit the mining concession.
All other concessions have been applied by government.

„As a result of the Exclusive Right, Prairie is the only entity with a legal right to lodge a Mining Concession application over Jan Karski for the period up and until 2 April 2018. Under the Polish Geological and Mining Law, a Mining Concession application comprises the submission of a Deposit Development Plan (“DDP”), approval of a spatial development plan (rezoning of land for mining use) and an Environmental Consent decision. Prairie has previously announced that the DDP and spatial development plans for Jan Karski have already been approved. However, as of the date of this announcement, Prairie has not yet received the required Environmental Consent decision, which remains pending. Prairie completed an Environmental and Social Impact Assessment and made submissions to the relevant administrative body for an Environmental Consent decision in October 2017 in accordance with all requirements. Accordingly, Prairie has not been able to apply for a Mining Concession for Jan Karski due to the delay in the issuance of an Environmental Consent decision. The Environmental Consent proceedings continue to progress.“

PDZ has now to secure their rights on the Jan Karski project.
If they would not go legal, they Risk to loose Jan Karski. So it is the only logical way.
The polish MoE, Ministery of Environment, has braken polish law, because they didn’t decide until today and lapsing out time.
It is a failure of the polish MoE!

„The approval of Prairie’s Geological Documentation in 2015 also conferred upon Prairie the legal right to apply for a Mining Usufruct Agreement over Jan Karski for an additional 12 month period beyond April 2018, which precludes any other parties being granted any licence over all or part of the Jan Karski concessions. Under Polish law, the MoE is strictly obligated, within three months of Prairie making an application for a Mining Usufruct Agreement, to grant the agreement. Prairie applied to the MoE for a Mining Usufruct Agreement over Jan Karski in late December 2017. As of the date of this announcement the MoE has not made available to Prairie a Mining Usufruct Agreement for Jan Karski, therefore breaching the three month obligatory period for the agreement to be concluded. Legal advice provided to Prairie concludes that failure of the MoE to grant Prairie the Mining Usufruct Agreement is a breach of Polish law. Accordingly, the Company has now commenced legal proceedings against the MoE through the Polish courts in order to protect the Company’s security of tenure over the Jan Karski concessions. Since the MoE has not provided a decision within three months regarding Prairie’s Mining Usufruct application, the Polish civil court has the power to enforce conclusion of a Mining Usufruct Agreement in place of the MoE. In the event that a Mining Usufruct Agreement is not made available to the Company on acceptable terms or the Company does not enter into a Mining Usufruct Agreement for any other reason, other parties may be able to apply for a Mining Concession for all or part of the Jan Karski concession area. However, the legal proceedings presently initiated by Prairie through the Polish civil court are also intended to prevent the MoE from granting a concession to any other party until the full court proceedings are concluded.“

This today’s news has nothing to do with Debiensko!

JSW has massive interest in PDZ.
They need Debiensko strategically.
I think they have studied our Debiensko project since months. Not only since the last news about possible negotiations between JSW and PDZ.

Does anybody think the two big ones, JP Morgan and Lansdowne will let them be fuxxxx by a polish Ministery of Environment, that is braking law?

There are EU rights, there are agreements between Australia and Poland since 1991 to protect investments.

The low volume today says everything!
Don’t let them suck you.
Hold your shares tight! Very tight! Tighter than tight!

The ones, waiting for a dip, hab had a lucky day here on ASX.
It will be interesting to see, if Europe’s shareholders are misunderstanding this news like the Australian shareholders did.

Bought more today.