Randal, Your right, the official position of DNI is the one that matters
Here it is. If you read the boldened text, it should be clear as water. Now since the BCMM has it listed in transformation, and as Ive mentioned before Floridas statement that its in the ‘transfer process’ awaiting final approvals is my position as well.
TORONTO, ON / ACCESSWIRE / March 16, 2017 / DNI Metals Inc. (CSE:DNI) (FSE: DG7N) (OTC PINK: DMNKF) ("DNI" or the "Company").
DNI Metals Inc. "DNI" has a commercial Mining Permit ("Permis de Exploitation" or "PE") over its Vohitsara graphite project in Madagascar. Originally an artisanal mining permit ('PRE') at the time of the transaction, the Mining permit was granted by the Madagascar Minister for Mines through the national mining cadastre office ("Bureau du Cadastre Minier de Madagascar" or "BCMM").
The BCMM is the government agency responsible for administrative oversight of all mining tenements in Madagascar.
The obtaining of a commercial PE marked a significant milestone for DNI in Madagascar, as it allows DNI to move to commercial production at its option, subject to completion / fulfillment of the requisite environmental impact and social responsibility ("EIE" & "CSR") studies and obligations.
Neither of these requirements are onerous and DNI will be moving to fulfill these requirements concurrent with its upcoming fast-track exploration and development programme for the Vohitsara Project.
DNI's Mining ('PE') Permit has a term of 40 years and is renewable. The following table sets out the license types in Madagascar.
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Your team bringing up the companies Risk Factors really comes off as a desperate move since 99% of investors know the purpose of the Risk Factors is to warn unknowing investors that you could lose your money. We all know how that works. But having said that the Risk Factors are in line with what the company states in the Press release.
IMO, Bottom line here, is that DNI will soon have their environmental study approved and they will build a plant and be producing this year.
How come no one has ever answered why Cougar only sent one drill and one driller to do a job that required more?
Why did you not have enough insight to see, the job required more, and your short fall of work and progress was going to put you out of contract? What you could have gained would have been worth a dozen employees and 6 drills yes?
Why did CGM not send any management if there were things not going well as they have claimed?
These are a couple questions Cougar is guaranteed to be asked in arbitration?
This is like taking a college class and showing up for 5 minutes each class and blaming the teacher for failing you when you couldn't pass the tests.
Checkmate28 JMHO
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