If you did your research you would find that the company is all set for plant construction and production.
Management personnel in both Malawi and Australia have been recruited and duties assigned.
The delay to proceed is due to FUNDING not secured/finalised as yet. Until funds are locked away contracts for plant, infrastructure etc cannot be issued.
Funding of $60m or whatever number required short term is proving to be taking longer than most of us expected. If you bother reading about other ASX companies seeking funds you will find that it’s a “journey”. Even your favourite company in MEI with a tier one asset and funding offers in place has seen its shareprice collapse.
Managements expectation is that once funding has been obtained then the shareprice should start its climb. Sounds reasonable?
Stop being critical of management and show some positive sentiment. The company has come so far in a short period of time. If you are not happy with progress then do what some others have done…moved on.
LIN Price at posting:
12.0¢ Sentiment: Buy Disclosure: Held
(20min delay)