On track means not hitting date, but means negotiations on track to eventually sign binding agreement. We should get extension of agreement, 2 days before deadline like last time. 28 November.
Feel sorry for all that bought in at higher prices after hearing the "on track" statement. At least someone got there share options cashed out above $2.
This is a long hold. At least we didn't get heavily diluted yet with JV. But I recon Mitsui still want that 21% and not sure how much LKAB want. Sweden not going give this resource away for free and Mitsui not gonna fund the start up for nothing.
On the plus side should be ample time to buy at cheaper prices again in the future. Just don't pay to much more than the capital raise price of $1.45 at this stage.
Timeline was given to keep shareholders in.
Ann: 2021 AGM Presentation, page-13
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