One would hope that LCK are in close contact with funds and instos and have a good understanding of their concerns.
Perhaps that explains releasing a long winded explanation of their ESG. Maybe funds and instos are still worried the project will run into government environmental road-blocks.
Or, maybe the ESG was the only thing available to release as a price sensitive announcement.
Hoping this is one of a series of announcements and the ESG was just a curtain raiser.
- NOV 2020 - PFS Released
- NOV 2020 - PPL issued by SA Government.
- JAN 2021 - Announcement of a cash raise Energy Exploration Partners PLC (sort of, perhaps, maybe).
- JAN 2021 - Drilling contracts for feed wells for the 5MW power plant have been issued.
- FEB 2021 - ESG update
- FEB 2021 ....next???
I must admit, every time I sit down to read the funding structure described in the Institutional Share Placement announcement - I kind of glaze over. It has so many "IF- Buts - and Maybes" - I can't be bothered nutting it out.
I kind of suspect it will work better if we can get the share price over 30 cents.
Need a meaty, unequivocal, unambiguous, unconditional, ball-tearer announcement - soonish.
Next week would be nice.
IMO
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