I haven't posted on here for a while, but I am still holding...

I haven't posted on here for a while, but I am still holding albeit more nervously than before based on recent announcements... I wanted to do an analysis of the recent announcement; what it says, what it doesn't say, what it implies. Read below:

• "The Company has identified several key stakeholders who will assist in fast-tracking the Project’s development"
• My take on this statement is that the Saudi's are still in the picture, but they are not wanting to fund everything, so we've needed to reach out to others in order to get funding sorted for everything. This is backed up by the line items listed below this statement. I think Mr De Jager has come on board because of his connections with these additional key stakeholders that we are now progressing with.
• "Discussions with these stakeholders are ongoing and good progress is being made."
• We can only take this at face value. I reckon the first MOU with Ajlan will need to be extended. If it is, then that's a good sign that we are getting close on that front, but need more time to get across the line. The other stakeholders, who knows...
• Management comment: Jan de Jager, Surefire’s CEO said, “The continued discussions with all the key
  stakeholders is positive and are essential to further progress critical work that’s needed to progress
  towards completing a Definitive Feasibility Study (“DFS”) which will allow the Board to make a Final
  Investment Decision (“FID”) for this remarkable critical mineral opportunity.”
• This is a nothing statement and to be honest isn't worth stating as we all know this from the above comments made in the announcement on Victory Bore. The only thing it shows is that Mr De Jager is now the front man for SRN, not PB anymore.
• "The Company initiated a new metallurgical test work programme at its 100% owned Unaly Hill magnetite deposit in Western Australia."
• Nothing at all in this part of the announcement that excites me as a shareholder.
• "The Company has appointed AXINO Capital in Germany for an initial 12-month term to assist with a planned dual listing on the Frankfurt Stock Exchange. A marketing campaign will be targeted to attract German and European investors."
• This looks like a backup plan in case other funding options don't come through quickly. I'd prefer this dual listing to a CR, but you'd have to have a compelling investment case (which is not there right now) to get a successful listing up in Frankfurt.

These are all just my thoughts, so happy to hear other people's takes on this announcement.

I also am not happy about how Vlad is diluting my shareholding to line his own pockets. I haven't spoken to him directly about this, but it's not a good look.

For now, I hold and will continue to do so in hope that this all pans out.