Bigjig,
IMO, at this point in time it's just a waiting game. The market is impatient and adding the POG effect it is taking it's toll on the SP.
That said, behind the market is a real business which is going about it's business (somewhat delayed) and achieving exceptional results to date.
Still some very important boxes to be ticked though. Obviously the mill clean out is one of them although IMO it is the ML that is the key factor. The market understands that nothing can move forward until the ML is approved so that will have a drag on the SP until it is sorted.
ABM have the available cash plus additional funds and are ready to move immediately to stage 2 once the ML is granted. Until then it's simply a waiting game.
SP wise, the reality is that some folks don't enjoy waiting. :)
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