Ann: Quarterly Activities Report and Appendix 5B, page-24

As I just replied to Wave, the IDC loan took longer than expected but was approved anyway.
The fact that the company is repeatedly announcing that parties are interested in the green ammonia only increases the odds of a deal because that interest hasn't dropped off. Talks on a deal of that size are going to take time.

I have shares in an unlisted company with a massive lithium deposit in the US. The company entered M&A discussions ten months ago. Macquarie is handling the deal. Final proposals were due by the end of last month. The company is currently considering which proposal is best for shareholders. with guidance on news by July, a full year from the time that the data room was opened by Macquarie. The whole process is taking a lot longer than many expected. Despite that, the company CEO was very recently in the Financial Review because of an incredible spending spree on a number of high value mansions. He has set records with at least one of them. He has now purchased at least $110 million dollars worth over a very short period of time and has again made the press with a very high price on a racehorse. Despite the long process he is clearly very confident on the outcome and so am I, especially after I sold a small portion of my holding in December last year at 23 times my entry price. Just that small portion turned into a very substantial profit. Thanks to Minbos I invested a large sum into that company in late 2021 after I sold around a third of my Mnb near 20c after its blistering run from 5c to 21c in just four months.
Hot Copper posters want everything ASAP. Large deals take time but that doesn't reduce the odds of an outcome.
We are not hearing anything being repeated on the P4 but, by contrast, the more often we hear on the GA interest, the more likely we will see a deal on that project.
It just makes sense. A green ammonia project with green power costs at 20-25% of what's typical for even the largest scale GA projects has to attract a lot of interest and the more interest, the more likely a deal will be offered. Three export finance institutions have now expressed interest in funding that project before it has even completed a PFS. The tech study and power price agreement are clearly telling the story. It's only Mnb retail holders that are not seeing what the interested parties are seeing. That will change in a big way when something gives.
Those buying low will make the best gains with some patience.
One last thought.
In 2021, it was news on the GA project that helped propel the sp from 5c to 21c in just four months. Just last year at the peak of the small cap bear market, it was the anticipation of the GA project tech report that helped propel the sp from 7c to 17.5c in just four months.
What will the sp do if a large deal is proposed by one or more of these interested parties to get this larger project moving?