Ann: Change in substantial holding, page-21

Would it be they see the investment in CD a risky move given current state of IO price.

I personally would call it off until it rebounds. Unless an existing contractor will give them a sweet heart deal on the development costs.

I know they have farewelled Mineral Resources from Wodgina Mine or handed it over to them. But they shipping DSO an not interested in low profit work for others.

That leaves MACA the other contractor but not sure how good the deal will be at CD.

If they can't get a good tender price it would be futile to develop CD uneconomically. Better off buying back shares or building cash hoard for colidation of junior miners.