A lot of ridiculous posts here the last 24hrs.This is from the...

A lot of ridiculous posts here the last 24hrs.

This is from the Future Facing Commodities conference in March (Singapore).

The combined Mineral Resource update is currently late by 1 day, and the world is up in arms.

I've placed numbers against AVL's "next step" items. While you can discuss and work on items in further stages (i.e 3 - offtake, 4 - finance) you can't finalise and announce them until you achieve early steps (i.e. 2 - EPA APPROVAL!)

So I am not sure what everyone really expects, however, if you want to plot this out onto a project timeline with predecessors and successors, you'll see that once items such as EPA Approval are confirmed, everything else that follows behind will come rapidly (Graham has stated repeatedly that they're working with offtake and financiers, which was the whole point of the merger remember).

I swear AVL showed a timeline with cyan blue arrows at the bottom of a powerpoint slide once, that showed EPA Approval in it's own circle, before flowing into offtake and finance in a combined bubble next, but I can't find it.

I reckon we go all the way through offtake, finance, and financial close within 6 months once EPA approval is confirmed. A lot of these things will be sitting at 70% completion waiting for additional information from preceding items. Some (hopefully offtake and finance) might be sitting ready to go awaiting a signature, which can't be given until EPA approval is obtained.

If you want, blow up AVL's phone and emails about the resource update being late, but until it becomes a problem, I would rather let the team get stuck in to the tasks above.