disappointing, but prudent. You can’t fight the global situation. I didn’t expect it by December; more like Jan/Feb. now I suspect even much later than that, interesting they didn’t mention timing of offtake announcements. They were due before the BFS. I suspect they too will now be delayed. funding was and still is the major risk here. Otherwise we would be in the $’s.
key is to survive until global conditions improve. Unfortunately that could take a while. Although expensive, that $200m facility is likely to save us. But we’re now in for a very long haul unfortunately.
I suspect the market will react poorly and it will get smashed.
int9 the bottom drawer for mine.
cheers,
ned.
HIO Price at posting:
37.0¢ Sentiment: Hold Disclosure: Held
