LRS General Discussion, page-16554

So much uncertainty right now - which we all know markets hate.

Speaking of cutting cost, WR1 signalled in their quarterly they were cutting costs by reducing rigs - basically exposed their neck to a vampire - market proceeded to sell down accordingly.

I think its a good idea to calm nervous investors by just proceeding with the existing plan, change nothing and executing exactly in accordance with timeframes etc. Reacting to short term spod price movements just encourages investors to start worrying.

There will need to be funds raised in the second half of 2024 regardless of whether we pack up a few rigs - may as well try and get the JORC to 100MT before we do the raise and with an enormous amount of luck, SC6 prices might steady and get a small rebound before the raise. A small share price run before we do the raise for the construction costs would be warmly welcomed.