Ann: USD35M Offtake Prepayment Facility for Nifty Restart Project, page-80

Thanks for sharing. Interesting update, if I was a newbie here it would be hard to ignore Baz’s enthusiasm and confidence and I’d likely be pulling the trigger, however once bitten twice shy and I now watch and listen much more carefully.

I still think he is genuine it’s just harder to believe it will happen this time around. I really hope it does.

He makes it all sound so easy moving forward but again I’m scared by the previous statements of how easy it will be from
here.

If the total debt package was only dependent on this final piece of the jigsaw all along then I can help but wonder why the LOI with Glencore didn’t convert and result in the other $200m having the “go” button pressed…surely not a slightly depressed copper price in a sea of long term bullishness.

A red flags for me based on previous over promising under delivering…Best case FID Jan / Feb…”but we need to be pessimistic in this market” so worst case Feb / March!!!! Worst case March!!! Yea right…

However in the interest of balance it’s hard not to get excited with some of the commentary. No doubt if they can secure finance they can get this show on the road pretty quick. I mean if the department that are looking after the final state approval that requires FID first keep asking Baz when are they applying it must be a shoe in….hmmm let’s see I think I will wait for the raise to put any more in…..if I’m wrong and we never see sub 10c again I will also be very happy.

Good luck all.