There will be an announcement soon and I think it will be a positive.
The way the AGM is being delayed tells me it's agenda will be moulded by what happens with the JV and drilling.
I think they are squeezed for time analysing the drilling and getting LKAB and Mitsui final sign off. There are always last minute details to iron out especially on what will be an incredibly complex agreement requiring input from TLG, LKAB, Mitsui, Morgan Stanley, Macquarie (?), and two sets of Lawyers. Plus likely sideline input from ABB.
If it was going to be bad news then there is no need to hold back on the notice of what would be a straight forward procedural AGM just like last year.
Anyway that's my twisted logical read.
Anyone else ?
TLG Price at posting:
$1.52 Sentiment: Buy Disclosure: Held
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