Originally Posted by
kanejones
As the permit application was removed from the NZPAM permitting website more than a few weeks ago, I'm now convinced that a decision has been reached. I understand only applications that are accepted, under evaluation, awaiting approval or approved remain on the website. The way I see it, there are two possible scenarios:
1. NTL have been advised that the EOL application has been declined and are yet to inform this market. This would also mean the Rahu exploration permit has expired. I hope for everyone's sake, this is not the case. I also believe withholding commercially sensitive information is somewhat frowned upon.
2. NTL have been advised that the EOL application has been successful and are yet to inform this market. Reasons may include; still on holiday / still typing an announcement / finalising JV discussions, etc. If this was the case, NTL would have had to request NZPAM delay updating the online status to accepted (as this would be commercially sensitive information). I am unsure if this is even possible???
Without getting too negative, I'm starting to get a slightly sick feeling in my stomach...