My good mate was present at the AGM and noted the following comments: “The processing plant will be in production at the earliest 30th June 2015, Port and Rail may or may not go ahead however the company has quotes or will consider building it ourselves. The company acknowledged of further funding required and they are currently assessing 10 different options: WM - that’s how we have always run the business down to the wire and the electrical contract has not been let and once it has it will take at least 5 months to install. The electrical work is massive more than 330kms of cables need to be installed and quotes vary between $24m – 30m, WM - view is sure spend $30m or take our time and explore other options, hopefully for a better deal.
WM - mentioned some talk about QLD Gov trying to fine them $1.1m, issues about the native claim even though the land was marked for rail loading, also options on power developments and we will know soon enough.
A presentation from a guy to encourage ASIC to take action regarding shorting and would like all SH to lobby their local MP.
Overall he is not very confident at this stage and believes further volatility.”
DYOR and don’t rely on anybody else.
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