IPB Chart thread, page-1906

It is my understanding the project that was pinned to go in did not get the tick of approval @ FID by a potential key backer. Its denied the traders a quick SP pump but ultimately these guys are not flippers and take on the full project risk. So you can bet whatever does get put in is well supported with good prospect of success and not just for a pump and dump to appease the traders.

Coy overheads should be very minimal; BOD only taking $2.5k p/month each. CR not absolutely necessary as could easily grind it out until new project although I am surprised they havent called one already but that might indicate there is something else on their desk they are looking at. If they do call a CR it'll be to key deal making personnel. Anyway SP is entitled to carry the Chieftain/Jendry premium imo.

Also found a place on the Chieftain wall now
https://chiefsec.com.au/portfolio

Been a fair chunk of overhang about from the legacy days/board and some loss takers from traders that ran into the legacy board overhang. Morrison out @ 1c and the FNZ account finally bailed for -33% clip last week. We got sell in May and June tax L sales to deal with.

Just a quick stop in from me as have been enjoying the peace.