Ann: Pilot Plant Update - on budget, on schedule, page-13

Pretty good effort there @Ianwil.

@pokok nobody posting on an anonymous forum can tell you precisely when a share price is going to take off, nor should you listen to someone who claims to.

The major announcements we're looking towards are:

- The capital cost estimate for building P1 (January 2019)
- The P1 feasibility study being delivered (April/May 2019)
- The pilot plant operating (May 2019)
- Offtake agreements for P1 being signed (After May 2019)

- Financing for P1 being completed (After May 2019)

Will one of these in particular make the share price jump quickly? Will they each cause smaller jumps that builds momentum? Will Joe do an investor roadshow or similar early next year, which gets people interested before the major news? Will none of it matter because the market is in a funk?

We can't know any of those for sure. I personally find it hard to imagine the share price not moving if all of those items are delivered with positive results, but stranger things have happened. After all, those will answer the big questions of:

- Does it work?
- How much will it cost?
- Will there be customers for the products?
- Will it make money?

With a fair degree of confidence of annual profit of more than $50m (the current market cap), the shares will look cheap and I would think a few people will start buying.

But, as I said, no one knows for sure. We each have to decide on these things for ourselves.

Lastly, I'd probably refrain from commenting on the amount of knowledge of other posters if you yourself have to ask what the major announcements we're looking for are.

Anyhoo, I think the market is done with throwing market sensitive announcements at me today (3 so far!), so I'm going back to my holiday. Toodles!