Big sticking point here for me is this project was suppose to be fully funded through to production by Castlelake pending the DFS, sales agreements and resolution of Tz issues. I hope with Castlelakes help they can secure the extra funding as long as we don't end up with even more dilution than we'll get with Castlelakes equity stake. And perhaps having more than one major investor won't be such a bad thing.
Another thing, I also noticed a difference in the task schedule shown on page 11 vs page 48. One on page 48 has commissioning happening later in 2021.
Phil and Co. must be reasonably happy and confident with this document if they dropped the asx ann at 8.21am eadt (5.21am perth time) this morning, a good hour and a half before trade starts. Usually a price sensitive ann that management don't want too much scrutiny of is dropped just before open or if they think it's really bad, after trade close. They gave everyone time to pour over the details.
MVL Price at posting:
14.0¢ Sentiment: Buy Disclosure: Held
