Previous management didn't do much to get approvals. Quantum step in and try to get the approval so that pilot plant can go on after getting approvals from authorities. Its taken a lot of time. Pilot plant, first shipment is docked long ago and in containers. Second shipment is on the way as well. Mind you its already paid for and in the containers as there is no approval from authourities to put that on ground. They don't have the excess to the site. There is no drilling going cause of delay in approvals.
Quantum thought they will get the gold this year but due to delays they have to step in.
POG is all time high and I think they don't want to lock in the contract price at high right now or wait till all the approvals in place and pilot plant start assembling at the site.
Its lot of paper work going to authorities this stage to get the approval, but its time game really.
Once approved the pilot plant and drilling will start.
in regards to CEO, they don't want to hire one yet, so just pay 100's of thousands to sit on the seat to do nothing really.
Ann: December 2023 Contract Note, page-11
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