If it's a one off I will let it pass. Normally it grates and is a red flag if habitual.
I suspect in this case it was sincere surprise. The low chlorides is definitely a bonus.
Any way for me now is the time to give thought to how much coin I am prepared to put in around the time of the CR. Even if the sp rises quite a bit more before the inevitable CR weakness the size of the CR will be large, too large for a simple rights issue, but I am pretty sure there will be a big rights issue as part of it. Even 1 for 1 would be quite a bit of coin at the current sp, and hopefully it will be done at a higher price.
Seems like the company is well down the path of ensuring a high margin operation with low costs and a premium product, and the structure aligns the government with the project, but for me there still remain the country risks to consider much more before stumping up more money.
EL
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