C'mon Chuk, let's be honest - the formal offtake is holding up everything. Why would further lending from banks and/or CR / cornerstone investor help fill the other 2 funding pre conditions withouth the offtake being formalised first?
The fact the quarterly was realeased this week and we still have uncertainty around fields trials and no mention of the Carrinho offtake at all (happy to be corrected but I don't recall reading any reference to that offtake) shows exactly why the price is where it is recently - unanswered questions and no revised timetable leaving invetors nervous.
We got this table below announced in late January 2024, and with recent events and times being missed, it was incumbent on the comapny to provide an updated table to us all so we can assess our investment.
Ann: US$14m Loan Facility Approved & Firm Bids for Placement, page-694
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