Ann: Steelpoortdrift and Tweefontein Projects Update, page-23

The SP selling today certainly isn’t going to make or break/derail the project.
Honestly I get the feeling that some people think that aligning the planning, regulatory and financial pieces to build this mine in SA, is like building a granny flat in your back yard.
Read back through this years announcements again and digest them with what is being reported today. There is actual progress and it is actually positive. I feel confidence that there is plenty of good news to follow in the next few months. You can’t make a FID without all the pieces ( just ask AVL), it is the same anywhere.
Todays sell off is pretty simple trading process, sell short and pick up loose shares. Sure, it would have been great to have news of a confirmed offtake, but there was never going to be an announcement of FID is ‘just around the corner’. There is no point in lamenting something that is out of your control. The smart traders have been working it for months and buying back in at much lower prices. Most of us are LT and get despondent when we don’t get awesome news.
I don’t know what people on this forum really want or expect to hear or see from this company. Just because it might be unacceptable to our expectations, doesn’t mean that they aren’t doing their job.
I might be blind, stupid and dumb, but I got more good vibes out of the update today, than bad.
Enjoy this buying opportunity if you like speculative mining stocks that are in development. As far as development goes, they are pretty deep in the process.