@Growler unless there’s something negative we aren’t aware of,...

@Growler unless there’s something negative we aren’t aware of, don’t see why the funding won’t come through. Matter of when more than if with that $16m.

however, still need more $ (not straight up & required over 3 yrs) & some of it will undoubtedly be equity/qasi equity, how much dilution & at what price will be interesting (unless we get a solid streaming deal). They’ve spent best part of 8 months in negotiations with multiple parties acc to interviews so keen to whats the result of this opp costs.

Do think we’re highly undervalued (hence have a good chunk in here, albeit at 3-4c) & good on you for getting in closer to the lows. Sadly for many long term holders that’ve felt the disdain with lots of broken promises & many that did well buying in the last 12 months, sp growth on good anns will be slow with plenty looking to exit creating resistance at every level.

maybe when the most confident longs have given up & moved on will we see better growth post the churnover

No shame in admitting my expectations have gone lower & lower over the yeas (yeah frustration is part of it, but more is dilution-delayed timelines-lack of skin from board who collectively hold < 5% which is a shame as if the insiders are confident this will be 8-10c over next 12-24 months then why not 5x their own money? Don’t buy the block out period because that doesn’t last 3 yrs & barring Michael, none others have added in this 15-1 decline which is strange given they’re out there selling it to investors (or so we hope).

$255m NPV is 10-11c rough (- any upcoming dilution & whatever jurisdiction discount the market applies), still should get to 8c in time (& that’s on existing metrics, hopefully more when we get resource increase etc).

for now though, need to close > 2.1 first.