@randosmitEverything you said is correct except fact that we are in Catch 22.
Based on MC comments from announcement on 16/05/19 " placement to GXY will allow A40 to "
rapidly advance plant upgrade and exploration activities" which are essential to increase LOM and mine development ( fines ) to attract second offtaker.
10 weeks later MC comes with delays in plant upgrade and exploration activities.
In March we were told about 7 month 60 000 meters drilling campaign and now 5 months later we only managed to drill less than 20 000 meters.
The question are
How is MC communication going with CFO to announce RAPID ADVANCE and then turn around 10 weeks later with delays ( due to funds)?
Did he knew about our state of finance but decide to make such a bold statement on RAPID ADVANCE hoping for miracle to happened ?
Like yourself and many other shareholders we are hoping for this miracle and turn around but IMO with his promises and failures to deliver offtake agreement and turning around with this Rapid Advance in drilling and mine plant upgrade to Rapid Slow Down/delays is the reason what keep new investors away and many selling out.
The only winners are those who accumulating in hopes of becoming new owners of BH.
This so called "strategic review" could as well be another ploy by outside advisors sucking more money and IMO should be done in January 2019 as there were many signs of declining orders from Burwill and lithium demand.
So now we are in Catch 22. No progress with drilling and mine development without additional regular sales and possible problems with attracting regular sales due to delays with increase of LOM and fines development.
The only hope is that MC will finalise 7 month old "finalising" agreement with Korean or Japanese client who will trust him on extended resources and bringing fines in Q1 of 2020 without solid proofs and recent history of over promise and under deliver.
