I can see both sides with what everyone is saying here....
SPP was a balls up, but Bruce has done well securing the $15m equity facility which we can draw on whenever we need . This also removes any cap raise overhang while we move through JORC and PFS. (Don't forget us retail guys whinge and complain when these raises only go to the insto's)
Overall I see this as a positive, however we cannot expect this to start moving until either momentum comes back to the sector, or we get some positive newsflow towards the JORC. If you're not in it for the long haul then just be happy to trade the swings higher and buy the swings lower. (this has been effective for the last 12 months) but please don't be calling for Bruce's head, IMO he's doing a great job for us.
I still believe we have an economical project here and am happy to hold on to see the results of the JORC/PFS.
GLTAH
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Ann: Anson Closes SPP and Secures $15m Equity Facility, page-56
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