BRETTO, I doubt any insto is interested now. There are no guarantees with mining when there are three major shareholders potentially having influence on over 40% of the shares, and one of them (with the biggest influence) has the offtake agreement.
So unless they need finance from Aussie banks then yes, a DFS/BFS is now superfluous.
ozblue, that's the way it's done. But don't feel sorry for the Aussie instos because they've missed out, there are many other, and bigger, fish to fry out there.
The instos do take the final decision. They just carry out what is called due diligence, and they try to do it thoroughly because they have a duty of care to their unit/shareholders. As I said above, I doubt they'll invest later on because of the shareholder structure. Their advisors will almost certainly advise against it.
CDU Price at posting:
$1.54 Sentiment: Sell Disclosure: Not Held
