Result in line with expectation and seems far west will start producing a lot of cash given development is complete after this Q.
However I was willing to buy back a large holding today should we hear a clear plan for hillgrove and liontown. Did we hear anything of the sort? Not at all!
- hillgrove still has no contractor and no antimony offtake agreement and it appears getting a contractor will be difficult in the current environment so who knows how long we have to wait
- liontown they appear to be changing back to underground as it'll be better for cash flow but perhaps they are just struggling with permits? No timeline.
Happy to sit and wait until we get a clear picture but hillgrove and I presume liontown are further away than most think and hope. I still hold a small parcel so happy to be wrong however I just can't see this moving until hillgrove is operating and probably drifts back to 18c.
imo dyor gltah
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