Ann: Bankable Feasibility Study Activity Slowed, page-8

Morning all.

disappointing, but prudent. You can’t fight the global situation. I didn’t expect it by December; more like Jan/Feb. now I suspect even much later than that,
interesting they didn’t mention timing of offtake announcements. They were due before the BFS. I suspect they too will now be delayed.
funding was and still is the major risk here. Otherwise we would be in the $’s.

key is to survive until global conditions improve. Unfortunately that could take a while. Although expensive, that $200m facility is likely to save us. But we’re now in for a very long haul unfortunately.

I suspect the market will react poorly and it will get smashed.

int9 the bottom drawer for mine.

cheers,

ned.