$5 stock !, page-97

As indicated by the company,

The next set of news will be to provide an update to the market on timing of the 4mtpa expansion case. They advised that this will be before the end of June

Following the decision on the 4mtpa expansion case, they will then produce an updated mine plan and BCFM which will be provided to the lending syndicate for approval.

These things go hand in hand. There cant be any update on funding until the above are completed (which they are on track and have until the 31st of July).

I would be extremely surprised if there was a CR as the company will be fully funded with the debt package approval. The only case which would make sense for a CR is if the funding falls through. Which I think is extremely unlikely.

The company has government backing and was mentioned in the federal budget

It appears that even some institutional shorters are backing down as we have seen some closing of short positions in the past few weeks