@Kotaredrew Here is a repost with a new version of the chart....

@Kotaredrew Here is a repost with a new version of the chart. (for context, it was in repy to Surat's post: https://hotcopper.com.au/posts/40163293/single)



"If they were not confident why start Taronga and spend that money?" - I think they started work on Taronga because they raised funds for it in the last SPP. If they didn't there would be a lot of awkward questions being asked.


"Plus NM has a lot of clout financially and will make sure it succeeds" - NM's financial clout hasn't changed recently, so I don't see this as being a catalyst for a re-rate either. His clout hasn't been much help to date, but it would be nice to see it help at some point.

No amount of powerful bottoms on charts are going to cause a re-rate either, no matter how much we are due one.




WhatWILL cause a re-rateis an announcement demonstrating tin sales. I'll go so far as to say we don't even need to be 'cashflow positive' to achieve a re-rate. The market has become so skeptical of ANW's ability to execute before money runs out that simply showing sales of tin at a fair market price will be enough to drive the SP back to a level more reflective of the value of the resource.

I say it doesn't even need to be 'cashflow positive' because simply proving we have income from sales unlocks a multitude of finance options that can continue to fund T1. Options that are currently out of reach. Demonstrate sales and you have your re-rate.

I hope they announce sales as soon as it is practical to do so, rather than leave it for the next quarterly. Its time they start making a big fuss of these achievements and get some inspiring news flow happening.