Fundamentally, nothing has changed. They are just going to reply to the minister and look how to fast track some elements. This is all getting blown out of proportion and I see it as an excellent execution of shaking the tree of those who are over exposed (no capital left for these events).
From a technical perspective, the order book looks fishy. 1.2 level is being suppressed by small orders, always being topped up by someone when it is removed. This could suggest someone wants to average out at 1.2 instead of 1.1, though this seems unrealistic as there is plenty of exit liquidity below now. The demand is far greater from 0.8-1.1 now - indicating people still want to enter.
IMO, these levels will be held until enough liquidity is built up between 1.2 - 2, so large buyers can enter at market price without overdoing their average/causing a large price spread (ASX traffic lights).
Worst case scenario here is delays are announced and the minister of mines cracks the shits. Until that happens, business as usual. Lots of emotional trades occurring here based on hunches.
Enjoy the ride
(dyor please, all my own opinion).
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