Ann: Key Construction Approvals and Appointments, page-68

The 'last chance' to buy mnb has been longer than expected and it could well continue for some time or even until cash flow starts.

I've learnt to expect anything in small caps but from experience with other companies, the point at which financing is secured and offtake agreements are signed is when the probability of the sp rerating increases significantly, and given we are so close to production there is also a good chance that once it does rerate it is unlikely to be coming back down.

You should ask yourself if you think buying at 11.5 is good value and how will you feel if the sp is in the 20s and you missed out to get in at 11 because you were waiting for 10. I'll be buying what I can if its still under 15 in a couple of weeks.