yeah operationally BFS(final) and FID timeline looking good. But...

yeah operationally BFS(final) and FID timeline looking good. But as you say, watch the cash burn. If they don’t secure a more substantial finding solution this quarter then there will be a cap raise at very unfavourable terms.

I’m going to continue to trust in the company and hope they pull through, this might be the most important 4-6 months for the company as an investor. We’ll either get to see major derailing, or some crippling raising - which given the company were already prepared to raise, I think they must be confident in their discussions, as they wouldn’t want to raise twice so close

I do like the focus they’re putting on highlighting the global urea shortage, they summarise quite well that Urea spot price isn’t pulling back anytime soon, this was a rather contentious topic on this forum In the past, a lot of people thought the high prices were just a little spike, but after a moderate retrace things are on the rise. Sep spot price US$685/t(A$1010).