I would have assumed that the boys would be chasing performance...

I would have assumed that the boys would be chasing performance rights aligned with share price performance if $300m was a realistic target, unfortunately they’re not.

This together with no insider buying has me concerned to be honest, to me it suggests still a highly risked junior and a multi year drop in the share price confirms it.

very pessimistic view I know but until we see a change of character in pricing sentiment I can’t expect anything more. Durrant seems very capable and determined to lead and accomplish what he sets out to do but I feel there might be a few things he can’t change, the main one being what’s in the ground and secondly the approvals required for all things exploration and mining.

Let’s see how this next round of funding goes, more options could see continued selling pressure as these committed investors quickly de-risk their exposure, perhaps things change after the DFS?