announcement frenzy!, page-72

Ians,

Thanks for responding. I believe both our views are arguable.

In my view - and I have already posted on this a couple of times (so, sorry RM) - the positive language is telling.

Gus said: "Lance is going along extremely well...progressing on all fronts...have exciting news over the next few weeks..."

If there had been nothing to get excited about, Gus would merely have said something like "Lance is progressing and we expect to provide an update in the next few weeks"

There is a BIG difference between the two. If Gus' cupboard is bare, there is NO way he would be setting himself up for an embarassing fall by using words like 'extremely well' and 'exciting news'.

As well, when he says 'ALL fronts', he is clearly inferring that progress is going well with respect to ALL critical matters. So we can assume that includes not just the DFS but also the Strategic Partner and Project Financing matters. Perhaps also new offtake negotiations. Maybe progress on the acquisition front as well (though that is pure speculation on my part).

The good thing is that speculation on all this will not be required for too much longer!