Ann: NT Government offers $5m concessional Finance Facility, page-111

We all would have sold had we known management was going to be this limp. The amount of time that passed while waiting for the MMP should have been ample to resolve many many forward issues. The fact that they kept saying in their releases that the DFS would be released in the last quarter is quite frankly misleading at worst and downright deceitful at best, especially considering they knew they were gonna drop that CR on us.

The fact that the DFS update hasn't still been released yet nor an update after Tacair was told one would be coming is legitimately ringing alarm bells for me.

And with respects to the NTG being in a "Holding pattern". They will be in a holding pattern until the 22nd of August (which is 10 days away). To suggest that things cannot progress while in caretaker mode is misleading unless we need direct Ministerial sign off on something. But I would expect that those things that do need to be signed off on (assuming it includes us) would be fairly quick, that a senior public servant could act in absentia while the Minister was away campaigning and the government in caretaker mode and that after the election if labor win, it would be fairly easy for the same Minister to deal with any sign-offs. Hell even if there was a change in government I suspect they would sign off as soon as they could. This smells like a stalling tactic to me unless something is legitimately brewing (which they have surprise! Not disclosed to the punters again).

I'm prepared to be patient just a little while longer but if there isn't some serious in-depth updates or a major announcement shortly, then the Trust bond is frankly broken,.We as the holders should make a decisive move to call that SGM and management better be prepared for an ass-kicking over their p@ss poor over this. Having the updated DFS or any meaningful developments delayed until next year is not good enough and going off drilling (regardless of how great that might be) frankly ain't gonna cut the mustard for me regarding their dismal progress recently on all the actually important fronts to get this project off the ground.