Ann: Mount Morgan Project Update and Option Extension, page-26

I agree with your logic but disagree with your strategy.

Projects with momentum find funding.

Market this properly, get people excited.

The lack of information and missed targets reeks of poor management and deliberate infomation withholding.

I have seen the same presentation 20 times now.

By the time they execute title transfer we will need to find a third pyrite offtake...

Whether the delays were beyond their control is for technical comment by someone more familiar with the process, but they have mismanaged programme expectations.

More things getting delayed than closed off these days.

Option excercise of $2M is so short sighted when we need to raise $85M+. Sell it with confidence. Let's kill the ambiguity even if we have to pay a little in dilution to clean up the deal.