Ann: Loan facility variations agreed with RCF , page-26

Hi Wobbly - personally i believe this will come down to a few things:

- Whether offtake has been secured.

- Whether the business can actually put out an appealing / gripping / high impact announcement.

- Terms of finance being favourable for shareholders


If all 3 of the above can be achieved, there is no reason why this cannot shoot through 2c with ease given the project will be significantly derisked.

If you look at the sell side at the moment, there isn't a great deal stopping this from going higher. It looks like <$100k of sell orders between 1-2c. Peanuts in the scheme of things.