Ann: $6m Funding Agreement For The Sale of Kanmantoo Royalty, page-55

Gee Rewop.

A bit harsh blaming Lachlan for :
*the MC51 not performing as well as the manufacturers hoped it would. It was a trial.
* the copper price dropping from $4.50 to $3.20 in June. Wasn't that caused by the Russian Invasion of Ukraine and the Chinese covid lock downs?

Are we really a year behind with the start date for production? Lachlan would have needed to raise a whole lot more if that was the case. The cash burn on care and maintenance is about $1m a month.

Has the finance payback blown out from 6 months running at half speed average during the ramp up to 12 months? Thats really 3months to 9 months at full speed.

You could be right that the share price will languish until positive news emerges. When will that be? I'm pretty sure we won't be waiting 18 months.

Now that Lachlan is funded for his revised plan and the Spitfire MRE is well advanced I think we might get some pretty positive updates quite soon.

Watch this space. Sitting on the sidelines is not a place I would like to be.