Ann: FCC Approval Received for POSCO US$7.5m Investment, page-9

Solid breakout on volume today. I'll throw an updated chart up later this week.

Interesting that it took the market a few hours before the large volume orders came in to clean out the offer.

As much as this announcement was known to come through (was essentially just a formality), interesting to see the market appreciate the importance of this box (funds to now be received) being ticked.

It will be interesting to say the least to see what the price action does when FCI, capex prepayment and debt funding from the TIB are finalised. Either one of these alone is enough to see the price push into the high 20's in my opinion.

I personally think we could expect to see the price action in the 30c - 50c range with all three of these completed. Realistically we could potentially see 1 or all of these delivered this quarter, however my guess is that over the next 3 months they will all be in place.