Ann: CARBINE MANAGING DIRECTOR PROVIDES UPDATE, page-15

Seems to be a little heartache here. Have a bit of blood on he floor myself.
BUT it is a highly speculative punt. You just need to calculate you level of risk.
On the up side when this comes together there is going to be a good payback although I don't intend to hold my entire holding through to production.
To my thinking there are a lot of unanswered questions that could determine the outcome.
The RB question, It is not just RB and CRB there is Norton and the supposed new Chinese owner, I would expect a lot of postulating and chest puffing and if lawyers get involved could get stuck for a while or until the leaches have had their fill.
The lapsing of the pyrites off take was a bit of a disappointment but I would expect this is not insurmountable 2018 is going to be a good year for pyrites as supply tightens.
Government approvals,?? who knows what goes on in the mind of a bureaucrat bit like herding cats, If they think Ardani is a good thing then surely Mt Morgan is a shoe-in but you never know in Australia we seem to cater to overseas companies who don't pay tax and don't give a stuff about their own environment over Australian companies.
I also have a think about the water clean-up being stopped in August because of a lack of water. I thought when this was advised in the quarterly that it was important enough to be part of continual disclosure. I also presume that the water shortage is over, but no info, hoping this will be clarified on this thread or in the next qtly.
Financing is always going to be a bit of a downer but this is hopefully a matter to address when there is a bit if improvement in the share price.
I am heartened by the strength in the share price 9-10c seems to be the base although with lack of volume the chart does look like it is flatlining.
Add to that the general uncertainty in financial markets.
On balance I think what was a toe in the market more than a year ago, and later a foot, is about to become a leg. I just need to free up some risk capital and grow some.