Ann: Quarterly Report for the quarter ended 31 December 2022, page-16

Solid quarter with no apparent skeletons.

This is now the second time they have highlighted that while they are on budget, they have dipped into contingency. Wording around the future shows they expect construction costs to increase beyond the $255m.

it’s not really a surprise, it’s happening to every company in our position, and I think any increase will be manageable.

The fact they have DSO planned with Ganfeng already putting their hand up to buy it at market price makes me believe any increase in cost will hopefully not actually cost shareholders a cent and expected timing of sale should show the rewards of DSO before significant chucks are taken from the JV / Leo bank.

Onward and upward!