CRAP been given yellow card by NZRegCo and sent to sin bin to cool off
Trading halt
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CRAP been given yellow card by NZRegCo and sent to sin bin to cool off
Trading halt
Pity its not red.
NZ RegCo has applied the trading halt pending CRP complying with a request from NZ RegCo to provide the market with information necessary to clarify and contextualise the nature of the application process, as relevant to CRP, referred to in that announcement.
https://www.nzx.com/announcements/429454
Clarification of Chatham Announcement Concerning the Fast Tracking Process for the Chatham Rise Phosphate Project
WELLINGTON, New Zealand –
Chatham Rock Phosphate Limited (TSXV: NZP, NZX: CRP, Frankfurt Borse: 3GRE) advised on April 9, 2024, that the Company had been requested by the New Zealand government to make an application for the Chatham Rise rock phosphate project to be considered as a listed project in the Fast Track Consenting Bill (the Bill) to be put to Parliament.
We have been asked to make it clear that numerous other parties have received the same invitation by the Government and that our invitation was not exclusive.
Even though ‘requested’ Chris still says it’s an ‘invitation’ …but others got ‘invites’ as well
Doesn’t really ‘clarify and contextualise the nature of the application process’
I’d tell CRAP not good enough ….try again and do better …or else the yellow will be upgraded to a red
http://nzx-prod-s7fsd7f98s.s3-websit...454/416627.pdf
Mean while the share price continues to climb... I like it
https://www.nzx.com/announcements/430279
CRP Applies for the Chatham Rise Phosphate Project to be Included In the Fast Track Permitting Process
WELLINGTON, New Zealand – Chatham Rock Phosphate Limited (TSXV: NZP, NZX: CRP, Frankfurt Borse: 3GRE) wishes to advise that the Company has made an application for the Chatham Rise rock phosphate project to be considered as a listed project in the Fast Track Consenting Bill (the Bill) .
After being introduced to the New Zealand Parliament on 7 March 2024, the Fast-Track Approvals Bill (Bill) is now being considered by the Environment Select Committee.
This new regime, which forms part of the New Zealand Government’s National’s coalition agreement with New Zealand First and the ACT Party, is intended to improve the speed and process for resource approvals for major infrastructure projects, unlocking opportunities in industries such as aquaculture and mining in our regions.
The proposed new permitting regime is potentially a game changer for New Zealand resource projects and others considered to be of national significance.
If the Chatham Rise project is included in the List, we would anticipate that the permitting process would not only be quicker but could involve reduced costs and would likely have a more certain outcome.
Another private placement closed at equiv of NZ 10 cents per share. Even a Director participated.
Get on board guys, it's way cheaper than trading on the NZX at 15 cents per share.