Initial negatives: scripted, stilted, JM is clearly uncomfortable following the SP degradation
Positives: reinforcement of DFS production offtake, albeit with a slower start. Hopefully he touches on NPV & NPAT expectations per the DFS (that is really the key for whole-project valuation). Also positive to hear they are still negotiating the other offtakes & expect current BOAs to 'double year on year'.
On balance, I am more positive after hearing this so far but very critical of their announcement on Friday, that was unacceptable in presentation.
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