FID for stage 1 isn't until 2023, they need working capital to get there. I understand you don't like the idea of a CR but the sooner you're at peace with it being the lifeblood for micro caps the better. I for one look forward to it as it'll massively de-risk my investment for another 12 months. I've posted previously on when I feel they'll do one, if it doesn't marry up with the end of this work-stream I'll be very surprised!
FID for stage 1 isn't until 2023, they need working capital...
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