This is what sh#ts me and worries me with HFR. Below is an extract from the media release on the 13 June. Clearly targeting 30 June if things progress smoothly.
13th June asx release
Terms with Qinghai Salt Lake will be finalised in a binding term sheet (Term Sheet) which the partiesare targeting signing by 30 June 2025 if preliminary work such as due diligence progresses smoothly. Then on the 4th of July asx release.
Following the exclusive due diligence rights granted by Highfield to Qinghai Salt Lake under the LOI, QinghaiSalt Lake has made substantial progress in its due diligence, and intends to continue the current processregarding the potential QSL Cornerstone Placement.
Conclusion Conclusion from 1st asx release is that DD has not progressed smoothly, (because we don't have binding term sheet) but from the 2nd asx release substantial progress has been made although now they cant even tell us when they are targeting a binding term sheet.
When i asked company why they now dont have a target, they dont even understand the question.
HFR Price at posting:
13.5¢ Sentiment: Buy Disclosure: Held
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(20min delay)