Perhaps JP is getting ready to be pushed out the door..? After all he has the sweet gig at RVT sorted anyway. It only takes 1 or 2 more shareholders to make effort and vote this time around to force him out of HRZ anyway, so maybe the rest of the board have acknowledged it's a done deal and going about this in a new light without him now and maybe to save their own skin. This announcement seems to be drawn up by Grant with the approval of the board if you read the fine print and closing statements. So perhaps Lowkey investor is right in his views of Grant after their phone call together.
Production has always been a vague sentence in most announcements in recent years which have always had an escape mechanism and excuses clause in them. Now, especially with Cannon they have a set timeline of activities and a firm start date for production in Q4, potentially at minimum 6 months away now. When they put details like this into the announcement and share the expected timing of activities like water pumping, time of next tenders, etc it is a good sign IMO. This is because they now have detailed wording and promises set on paper and if they do not start getting ticked off and completed, then the board risks clear failure on paper and therefore risking their own re-election. IMO they have now realised their jobs are on the line and they need to start promising and delivering for shareholders.
The last bullet point about work moving forward - "Provide regular updates to keep the market fully informed of progress to gold production" is proof they have now woken up and need to start addressing timing and getting these things ticked off and progressed to production asap. Plus keeping us unhappy investors engaged, those who have held an eternity on empty promises and have come to the end of anymore patience.
Another bullet point "Seek additional mill allocation in the Kalgoorlie / Coolgardie region" is an admission they screwed up with their FMR discussions and were beaten by another company which was brought to light late last year. I forgot the name of this particular company but someone shared in these threads that they scored the FMR mill allocation last year. They clearly took our business from underneath our nose with management failing to deliver in negotiations. They know they need to find other players and options in the region to shore up the future production capacity. Especially once you have Cannon, Boorara and Pennys all firing up at once. It doesn't take a rocket scientist to realise we need to start building some good relationships, at least until the cashflow builds up enough, to satisfy larger investors or banks that we can purchase or construct our own mill.
Overall I am happy with the update and timelines, but I need to start seeing these getting delivered to save any of this management.
