TMT now has a very large target on its back, page-581

I think you are one of the better posters here, so don't take this as an attack on you - it isn't.

But if I may?

"Do we need a list of what had been done in the last 2 years?

EPA progressing... Yes slow as heck, but find a company getting it done any faster in WA and i'll put more blame on TMT. - As of today, none of us have any idea if the EPA / ERD paperwork is FINISHED, let alone submitted.

Southern Tenament drilled out (to improve project viability, results integrated into DFS (granted we haven't seen final figures yet).- So nothing completed.

Kiln Feed study- EKF to fund kiln ($150 mil) - NOT A BINDING AGREEMENT - if we weren't planning to use a Danish Company, we wouldn't have POTENTIAL funding from EKF. If we don't use Schmidt - there is no funding.

Developer relations with companies that can make or break, or literally fully fund this project (RCF, TATA steel) - One is a shareholder who seems very passive in all this, the other throws around meaningless MOU's every week to different spec ventures. Tata Steel have contributed exactly $0 to this project.

Gas pipeline will be in place when needed - Hahaha, kidding surely, the pipeline we are 'supposed' to feed from is already 14 months overdue! How can we feed from an unfinished pipeline?

Early works contractors chosen and I would bet are ready to begin when EPA signs off - so nothing concrete then.

So, nothing TANGIBLE then - just promises of things to come.


Are you not a little bothered that a 20c option was taken and a window to move them on at 35c+ was created, just before a CR was initiated?

Are you not concerned that $1.7 million was specifically being used for the NT agreement, yet no update has been given?

Again, I think you are a very reasonable poster, and I am glad you share some of my concerns, but judging by reactions to my last post, I am clearly not alone in my way of thinking.

At risk of repetition - I need to see one permit completely signed off, to restore confidence in this venture.

With the Federal Govt worrying about electricity failures during El Nino - then you'd think a company with storage batteries as a main product, would be sailing though EPA if it's been done properly this time, yes?

We shareholders don't even know if TMT have put the paperwork in.

And that's a major concern for me.

Have a great long weekend Rhys.