From what I can see with very simple eyes - is that Mike struggles with timedrame estimates.
Was 7-9 months to construct a mine…now over two years in.
Was Production of saleable graphite concentrate by end of quarter 1 2024 as announced late last year - now looking at 9months to gain DFS purity projections.
Time just keeps passing Mike by…I wonder, considering the Gemcorp Funding Deal requires the commencement of repayments around Aug/Sept this year (well before the recently projected comments from Mike about a 9month overall tie lag lag finalises) as to whether BMCG did indeed see the writing on the wall here and bailed in order to protect themselves. Quite a co-incidence….Mike tweeted his comments on 27th Feb, from then WKT announcing BMCG terminating their funding deal on the 29th Feb.
Although, I don’t believe in co-incidences…
Ann: Expiry of BMCG funding facility, page-337
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