Agree, bloody ridiculous... talk about damned by faint updates....

Agree, bloody ridiculous... talk about damned by faint updates. For twelve months shareholders were told NAIF and Taurus were good as gold, dangled the carrot it was possibly getting bigger and FID was coming soon after X,Y and Z. First old Bruce pushes FID back from soon after JV done to June'21, then new Bruce pushes FID back to Dec 21, then early 22, then by end FY 22. Now he is "pleased to advise" that by mid Nov 21 NAIF has completed the first stage of assessment and will move on to "undertake technical, legal and financial due diligence prior to NAIF considering an updatedInvestment Decision".

Obviously it's now the silly season of office parties and all those public servants coming out of lockdown with a years holidays and sickies to catch up on so I can't imagine DD happening in a rush. Holders have well and truly been softened up to delays by now so this doesn;t change the time table, but I have to wonder if NAIF was this far out that long ago... how were we ever led to believe end of the 20/21 wet was ever a possibility? And why did it take a media article saying NAIF was reconsidering it's funding of Thunderbird for holders to be made aware NAIF had started the whole process again? Why did the share price fall out of bed from 50c to 30c after new Bruce went to Sydney early May for his first insto meet and greet presso?

Hopefully this is just NAIF going through their process to be able to increase their funding package to TB. If not, company might find itself defending accusations of misleading holders, because "completion of a strategic assessment does not represent a formal decision to offer or commit financeby NAIF in favour of Thunderbird or KMS and there is no certainty that any definitive agreement will beconcluded between the parties" strikes a very different tone to releases over the last 12 months ...

Back to sleep, good luck