Good update on operations. Mahalo Nth developing. Mahalo main however still waiting on JV agreements and approvals. This seems to be taking a lot longer than anticipated. Hopefully will be soon given 2nd tranche of debt drawn down during the quarter. Also no mention I can see of the potential $23m payment to CleanCo in June (ie. next month) Hopefully negotiations have sorted this out... The only other point of interest is that, given the potentially tight cash position in the short term, it is a bit surprising that the directors are continuing to pay themselves almost $1m (annualised)... Might be prudent to pull in the belt a bit until all aspects of the Mahalo project are totally over the line? Any other thoughts/comments out there?
COI Price at posting:
17.5¢ Sentiment: Hold Disclosure: Held
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