Big CR coming.....!, page-27

Michael
Your own posts on another G6M thread indicate you had concerns on the project. Those concerns are now materialisng with $50m+ cap raise in the last 5 months. At the time you were accused of down ramping.

Your post from 7/6/22
Inflation and interest rates is a serious factor for a project in construction phase.
Inflation will quite easily blow out capex and significantly reduce margins by increasing opex.
As this project relies on shipping construction items on and off the island I see a significant increase in costs and susceptibility of a delay.
Geographically the probability of the project having a significant delay is very high.
Project delays are never well received by market and will cause a break of support and a sell off IMO.
When the price is right I'll consider investing but currently charts look like this will revisit below 20's again so I might consider investing then.

Your post 9/6/22
A post of a news article about interest rate rises?
Relax, don't get mad at me that share price is going down.
It is important to understand vulnerabilities in this project and macro economics.
This project has upside potential but it also has significant risks that should be considered.

Your post 9/6/22
I did share the same info on the other threads of companies I'm either holding or following actually,
I'm interested in understanding the companies, good bad and ugly not just rose coloured glasses feel good up-ramping these are investments it's nothing personal.

My post
The economics of the project have changed. A high grade is wonderful but its not the only factor. Having deep money pockets is great but they aren't bottomless. The big 3 were originally going to throw in $15m, but the brokers suggested revising with another $1m each (hence the reason for the extension).

We need to have a viable tungsten industry in Australia but it's not easy as the last 15 years have shown with only Masan's Vietnamese mine successfully coming on stream.