re: Ann: ADD CONFIRMS JORC COMPLIANT 9M TONNE... IMO the 60/40 JV will still be on and the JV partner will have to pay some cash to Adavale.
This will allow them to proceed to Q4 production without a capital raising.
I think there will be quite a few good anouncements coming in the next couple of months and fridays was just the start of it. Firstly they need to sign off and officially secure the coal project, once this happens the bigger investors will come onboard.
This is just my opinion
Ann: ADD CONFIRMS JORC COMPLIANT 9M TONNE THERMAL, page-13
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