Ann: Change in substantial holding - J.P.Morgan , page-18

re: Ann: Change in substantial holding - J.P.... Cheers Satori. I think a lot do not like some of the things posted but the rose coloured glasses came off post PFS. I do really wish i could be pumping the tyres up but the last 12 months does not warrant this IMO.

The market is rating the SP accordingly. I guess its more a slow await until April till the funds are realised which i think most thought would be a given!

Humble do give up mate - i am the pessimist you are the optimist - we probably need a balance between the two.

Bottom line is heaps of posters will claim it is deal of the century with one line statements like this is a bargain just bagged a ton to the other side of this is a dud and its done.

For me its just a big unknown. Whilst i think by no means this project is dead i do have many concerns around timelines, funding and fall back options. The whole thing changed with the CAPEX adjustment in the PFS up until then i was more than sold. This was such a massive oversight and the excuses from management didn’t sit well with me as inflation and the mining boom wasn’t the only factor that contributed to this oversight. Since then it really seems we have had a take a different path and the market has never taken us seriously since – a price drop from $1.30 to 22.5c would support this! Now we have a very insightful insto dropping their level of holdings prior to last weeks announcement. Then we get told hang on tranche 4 is delayed. The mine life doubling was a given and clearly the market considered the delay of tranche 4 over the mine life improvement.

I note some posters saying we will be mining in 12 months? Really? We haven’t meet timelines for some time and when you consider we need $600m to get this bad boy to fly we 12 months seems incredibly ambitious.

The bottom line is i have been invested in this stock for 2+ years i am over 50% down and a heap of uncertainty surrounds Timeone. Not ideal but i love the risk and the potential upspec but i would have to say if i had my time again i might have done it differently or the SP sat at levels close to my buy in then i might be thinking of exiting. That is not the case so i have pushed the chips in and called all in! Lets hope i am whinger with too high expectations and management will deliver as advised!