Similar to the last few quarters, we are moving in the right direction, just very slowly.
Regarding Dubbo, looks like the overall EPCD will now be delayed due to the extra work involved in stage 1.
KCF agreement extended until end of the of the year and ASM want off takes from Dubbo secured by the end of the year also.
My take on this is, many company’s, countries and KCF are keen on Dubbo, ASM are basically saying enough is enough, talking has finished, we need off takes secured by the end of the year, first come first serve!
Overall, ASM are Pretty cute with there wording, a delay is a delay and ASM has been one big delay for a long time and they can’t blame Covid for everything!
Ann: Quarterly Activities/Appendix 5B Cash Flow Report, page-21
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