Good to see you back and hope all is well.
I disagree that the focus should be on a JV partner.
It seems we have tried that for the last 12 months and it hasn't exactly gone to plan.
We were in a much better position 6 months ago and still couldn't get a cent.
Management have said multiple times no funding is currently possible.
Here is a great article last month which I believe gives a great insight on our position and the direction we are taking.
https://www.australianresourcesandinvestment.com.au/2022/12/15/hawsons-iron-weathers-the-storm/
Granzien said the company “has done a lot of analysis” but more is needed, understanding that the BFS is an important linchpin to Hawsons Iron’s next objective – a capital raise to fund the project’s construction. “The main trigger (for the project) is raising the capital, but to do that we need a compelling BFS,” Granzien said. “A BFS is a study, as Dave (Woodall)articulated at the AGM. Studies look at all the details, such that you can answer any questions from investors when the time comes to raise the capital.”
Our sole focus should be getting this project funded with what we have available. Not hoping for a partner that could take years.
With a detailed and transparent plan, we will have a lot of support and funding from shareholders to make this possible.
If a JV wants to come on board, they would have to pay a premium for a project that is going ahead regardless.
(20min delay)