I agree with that and I've often thought maybe Lindsay should just add 3-6 months to what he reasonably expects in order to be safe but then that would not be following the intent of ASX rules or doing us any favours for those investors that sell on an expected 6 month period of no news and the news comes after just two months as was actually expected in the first place.
I've just decided to accept that there will often be delays to whatever is expected and as long as the delays are not too long and the progress continues at a reasonable pace, then that will do me.
It was the 18th of March 2020 that the company announced the "SUCCESSFUL TENDER BID FOR CACATA PHOSPHATE CONCESSION".
From winning that bid and dealing with the delays caused by the global covid outbreak at that time, they completed a scoping study in Aug 2020, were awarded the mineral investment contract in Jan 2021 and the mining license in March 2021, announced the green ammonia project in Oct 2021, tariff agreement for green power May 2022, MOU with Stamicarbon June 2022, attracted cornerstone investors July 2022, Green Ammonia Technical Study Underway Sep 2022, phosphate DFS completed Oct 2022, Significant CAPEX reduction for Phosphate Fertilizer Plant announced Feb 2023, tech study for green ammonia completed April 2023, announced Yellow Phosphorus project also in April 2023, signed offtake agreement last month for the phosphate and was awarded a site for the green ammonia project.
From winning the phosphate tender as manager and 85% owner in March 2020 just as covid was breaking out and delaying everything for at least 1-2 years, to now be in a position to be mining next year (within four years) while simultaneously progressing the green ammonia project is pretty good IMO when compared to other resource projects. It helps that it's a relatively simple and low cost processing route to final product.
The four year chart shows a good sp performance over the period. Should be due another big rally into production next year after a significant period of correction and accumulation.
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