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4/13/17

Galantas Gold (GAL.v) offers us another example of the IKN First Law of Mining NRs

Galantas Gold's (GAL.v) "development update" (love the words) came out last night while your humble scribe was computerless, but it wasn't going to pass us by so here we are, second ever post with the new machine. To start, here's a reminder of the IKN First Law of Mining NRs:
"The IKN First Law of Mining News Releases: Considering that anything contained in a mining news release is presented in the best possible way for the company in question, any piece of information contained in a NR that comes across in any way negative means the real news and/or events behind it must be very, very bad indeed."

With that in mind, here's part of the script out of GAL.v yesterday evening:
The Company has also been in discussions with Police Service Northern Ireland regarding further blasting arrangements for the underground mine development. Until those arrangements are in place, the tunnel development is temporarily on hold. The delay is not expected to exceed one month and the Company will advise if the delay is significantly prolonged.

The First Law writ large, they can't develop the mine because they don't have the permits. Take a cue from Brexit, folks.