I see plenty of mining companies that hit timelines and they tend to be the ones who succeed.
The bottom line is that the MD stated he had the MRE numbers about six weeks ago now, and we are still waiting. So its more about following through with promises to shareholders and the market, than about effort timelines blowing out.
Sneaking changes into your deck is not the way to communicate.
While there are disclosure obligations that might dictate otherwise, capitalising on share price reratings that are likely drive by people anticipating an announcement is important, otherwise you are just waiting for the next bit of negative sentiment or market trouble to put you back at your lows.
I have learnt that the announcement game is critical in the listed mining company space.
I am excited about the projects and think the team otherwise looks good, but I won't be burnt again on a company that doesn't deliver on promises.
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