Nothing wrong with the update from an operational perspective in fact its very good but it is aimed squarely at the current retail holders to clam a few nerves after the crusher legal snippet in the half yearly
A 3% rise in the S/P off the back of this announcement is very modest OZL is up by a similar % today so it could be related to a bounce in the copper price and big green night on the yank markets.
For the S/P to get a decent boost and some new buying interest to arrive the market will need something of substance not just photos, actual dates ,actual tonnages and some cash flow predictions in $$$/timelines and some definitive detail on funding ( Loan still not finalized and the SPP came up $60m short counting the options )is what is really needed to reverse the downtrend that has been in place ever since M & G started selling out.
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Ann: Rockland's Copper Project Update , page-16
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