DRA 0.00% $2.11 dra global limited

Hello, Note Hong Kong information, which contains matters not...

  1. 728 Posts.
    lightbulb Created with Sketch. 63
    Hello,

    Note Hong Kong information, which contains matters not reported  in ASX.
    Furthermore Finland part may be running out of gold in 2.5 years.
    If getting permitted Fäboliden has minable ore for about 4 years,
    there may be change for a couple of years underground mining.
    There are permit risks, but not a real upside in business.
    http://www.hkexnews.hk/app/sehk/2017/2017101101/sehkcasedetails-2017101101.htm

    Dragon’s Sastamala permit has also failed in Supreme administrative court as
    the permit authority has notions about Dragon Mining Oy:n Vammala enrichment plant’s environmental permit, matter returned by Supreme Administrative court, Sastamala  
    Permit authority’s permit page searched by Dragon 11.10.2017 https://tietopalvelu.ahtp.fi/Lupa/

    It should also be noted that ELY is actually not an environmental authority, and any “permit”
    by ELY can be only temporarily.
    Column 1 Column 2 Column 3 Column 4 Column 5 Column 6 Column 7
    0 11.07.2017
    13.7.2017
    LSSAVI/3809/2017
    Dragon Mining Oy:n Vammalan rikastamon ympäristölupa, Korkeimman hallinto-oikeuden palauttama asia, Sastamala
    Dragon Mining Oy
    Sastamala
    Avaa/Öppna
    1 11.07.2017
    13.7.2017
    LSSAVI/3810/2017
    Dragon Mining Oy:n Vammalan rikastamon ympäristöluvan lupamääräyksen 3 mukainen selvitys, Korkeimman hallinto-oikeuden palauttama asia, Sastamala
    Dragon Mining Oy
    Sastamala
     

    There is a notion with regard to the permit information 12.4.2017:
    http://www.hkexnews.hk/app/sehk/2017/2017041001/a10773/EDM-20170410-33.PDF

    Now Dragon states 12.10.2017 that it tries to appeal permits for 3 years because the Finnish mines may run out of ore in about 2.5 years. Apparently the idea is to escape responsibility by bankruptcy of Finnish daughter company. As the information has been made public, Finnish authorities will react accordingly.

    New version Business, Hong Kong page 98-99 (242a end, 242b beginning)

    http://www.hkexnews.hk/app/sehk/2017/2017101101/a12887/EDM-20171011-19.PDF

    Quality of information given in Australia
    Dragon has published timely all the good news, but delayed publishing bad news in ASX.
    Here are some examples. The Finnish director even commented some of the problems to news papers before press releases.

    The environmental permit of Orivesi mine got denied
    https://hotcopper.com.au/threads/dragons-orivesi-environmental-permit-denied.2659486/

    The permit of Vammala plant got denied
    This information was delayed by almost three months.
    https://hotcopper.com.au/threads/southern-finland-and-permit-issues.2977730/

    Kuusamo EIA (environmental impact assessement failure, local resistance)
    Dragon had major project in Kuusamo Lapland. They did not consider the localization of the project next to national park, Kitka-salmon river and Ruka-skiing resort. The locals forced the company out of Kuusamo with technical, social and scientific criticism against the mine plan.
    The decision of denying the EIA was reported in ASX more than one month late.
    https://hotcopper.com.au/threads/dragons-kuusamo-eia-failed-month-ago.2313570/

    Kuusamo made land plan against Dragon
    Negligence of public opinion caused loss of several years development and bookkeeping value of 1million $ of the Kuusamo project.
    https://hotcopper.com.au/threads/dragon-mining-the-duck-trouble-in-kuusamo.2659917/

    Stricter environmental permit
    https://hotcopper.com.au/threads/dragons-vammala-environment-permit-june-24th2014.2317729/


    Dragon is a weak company with multiple social and permit issues. Its reserves are emptying.
    Hong Kong stock exchange should consider what kind of companies it would accept.

 
watchlist Created with Sketch. Add DRA (ASX) to my watchlist
(20min delay)
Last
$2.11
Change
0.000(0.00%)
Mkt cap ! $116.1M
Open High Low Value Volume
0.0¢ 0.0¢ 0.0¢ $0 0

Buyers (Bids)

No. Vol. Price($)
2 13402 $2.10
 

Sellers (Offers)

Price($) Vol. No.
$2.50 10 1
View Market Depth
Last trade - 19.00pm 29/03/2024 (20 minute delay) ?
DRA (ASX) Chart
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.