I'm focussed on Adelong but it is slightly concerning that management have been unable to finalise the Cosmo IPO and in particular they mention issues with the WA government. Working with governments is what management are paid to do, so will be interesting to see how they work with the NSW government on approvals etc with Adelong.
Although, on a positive, Cosmo shouldn't affect DDD moving forward and I do like the fact that they have put Cosmo on hold until the end of the year.
Managements focus can now be solely on DDD for the next few months, which is a good thing as there is lots happening over the next 6-12 months.
Ann: Cosmo Gold IPO Withdrawn, page-18
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