I'd be lying if I suggested I wasn't disappointed to hear this...

I'd be lying if I suggested I wasn't disappointed to hear this development. I was excited by the potential cash flow that the LTR contract could provide to develop our other assets. Having said this, I'm a big believer in underpromising and over-delivering. BB and the DVP team have been doing this at Bellevue and it's important that DVP's mining services reputation and credibility are enhanced through strong performance in these early tender wins. Better to do this than overextend yourself and underperform.

It sounds as though the LTR tender was becoming too big in terms of the workforce required and Tim and Tony would be driving a hard bargain on margins too I'd imagine. There may be other smaller tenders with a few extra margin points available to chase that will suit the purpose of building the UG mining services arm and provide greater flexibility to develop our own resources at the same time.

Have full confidence in Bill to navigate the best path for the company. Just difficult when we are all on the outside trying to crystal ball the path forward and it would be nice to have a clearer understanding of what is next. In terms of ESS, PD is not a massive resource, so I could see an attempt at some regional consolidation as outlined by Itchy Beaver above. If they are serious about moving into Li then creating a hub to increase scale makes sense.
Still pretty flat about the news, but I guess I'll just hurry up and wait for the next bit of the puzzle to drop. It won't stop me from wild speculation in my head!
Cheers,

HH