Clearly they need to keep the "doors open" to keep the company operating ....... and yes their remuneration continuing. What's the alternative - not focus on keeping it running and SH lose everything?
SKI at the time was considered quite as a positive development and certainly the BOD/company "worked it" for all it was worth. Likewise the LG Energy offtake is hardly a negative after all LG is the one of the largest (2nd largest?) battery manufacturers in the world.
Given the likely miss of the 30th June deadline for finance (given the implication in the announcement recently) - SH are now It appears dependent on an extension by LG or AUZ will likely be treated very harshly by the market. It is not a great situation for shareholders to be faced with but that is the reality.
The big question is not just will LG extend but just as importantly what will the company come up with to support a CR and what level of support will be generated
Ann: Exploration update - Biloela Project, page-16
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