Could todays momentum be induced by the confidence displayed in...

Could todays momentum be induced by the confidence displayed in the quarterly report?

It appears that the project is moving forward as planned and on-time / on-budget for first production by mid 2024

"Significantly, the process plant was approximately 90% complete by the end of the period (also on an earned value basis), with another major milestone reached with commissioning commenced at the dry plant in late March 2024. The Project remains on budget and schedule for first production mid-2024."



“We are within touching distance of first production and in a very strong position financially with $358.1 million in the bank, together with the undrawn commercial debt facility, providing us sufficient funding through to first production and beyond."

The above statement implies there will be no need for a CR - which potentially some shorters were counting on as an exit strategy (some shorters potentially closing?)

What also gives some confidence is that one of the directors (Tim Goyder) has significant skin in the game (owns about 15% of the SOI), and also, participated in the most recent CR for over $10M at $1.80 (he has the same interests as shareholders, ie: would want to avoid further dilution as much as possible)


Upcoming news:
- we are currently reviewing and examining the options for deferring the 4Mtpa mine expansion until market conditions improve. The review is progressing well and we are aiming to release the results to the market by the end of the upcoming quarter.

Facility agreement for A$550 million debt package with syndicate of leading international and domestic commercial banks and government credit agencies executed in March. This facility provides financial certainty and sufficient time to complete the previously announced review of Kathleen Valley’s 4Mtpa expansion, on which the Company will provide a market update in Q2 CY2024