call for indigenous jobs boom - the australian, page-6

ST agree with the scenarios but think 2 more should be added. My take:

1) as per your post. SP moves back up towards 35c and potentially above with faith restored that the project will proceed with Timeone to assist in procuring the $600m as management has advised.

2) Might happen and given it doesnt look like it is coming today we will have 1 week to see this! Of late PLV seem to take things down to the wire. Share price to be hit and to the teens IMO especially if no reasons are provided why the monies havent come. I was a little frustrated that we have been left in the dark as to why the last critical date wasnt met. It would help if we knew why especially if it was more a technicality – my paranoid mind says no because you would tell all if it was wouldn’t you?

3) Agree and total disaster and the SP will be smashed unless we are told there is a plan B and its a good one - but lets be honest if that was the case they probably would have burnt Timeone or ramped serious pressure to secure tranche 4 by now and it appears this hasnt happened so not good.

My last 2 options which you havent mentioned are:

4 Silence! March passes no money paid and no announcement? We have gone silent in the past when critical dates have passed. The announcement will come near the 11th offering whatever reasons for the delay.

5. Another extension to Timeone. Has to be considered. If this does happen can we agree our back up plans must be weak to nonexistent?

Bottom line is we have reached a critical stage in the project and if it goes the right way we are back on if it goes the other we are on our knees and i fear my losses wont be recovered in the medium term or even long term.