Mate, I think the lights are definitely on. I expect that there won't be any news until they announce approval of the revised MMP. And if the MMP is approved, I would expect that they should then announce a BOA for the direct shipping operation. Contrary to what another poster said recently, Avenira is not going to start a full-scale mining operation without first having contracts signed by a party that wants to buy the product. And to be able to deliver on the contract, they need govt approval to mine more resource than their first MMP was approved for.
I know the buying volume has been very light recently, but there has been some trading the last week indicating someone has confidence in what is going on.
This is completely out of left field, but the following thought occurred to me: Could the NT govt make the revised MMP conditional on Hebang not increasing its stage in AEV beyond 49%, to guarantee the Wonarah deposit remains substantially owned by an Australian company? Is that what might be holding up the approval.
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