According to direct conversations I have had with management (at...

According to direct conversations I have had with management (at the AGM) there are a number of intered parties (as per those signed up to virtual data room, or whatever it is called)

Management have told me directly, there won't be an agreement re funding until the DFS / optimisation study. For the benefit of the company they don't want to take the first offer, rather, they want to know the extent of what is proposed so they can negotiate a better deal for the company.

I feel your pain re share price, it sucks, I share your frustration. But if you were expecting a funding announcement you have mislead yourself.

I also don't agree with your analysis of macro conditions, Russia etc. is pretty much done, yes a technical recession is forecast for many economies which is a fall is GDP of 2 or more quarters, the way out of that is what china is going to do re country building projects. This is why the IO spot price has gone up recently and futures show that is likely a continuing trend.

Anyone in the IO and steel space at the moment is throwing money every which way at the green steel, governments and private, because they know it is the way of the future.

I personally don't think it is a case of IF we get funding, it is a case of when and what it looks like. I think it will be likely to see something with this effect in April. Again only speculation, connecting the dots etc. DYOR

every sell is someone else buying also, there were some decent sized trades today above the recent lows, one can only wonder who those are?

From what I can see, most don't have an issue with the consolidation, it is the timing of that and the lack of follow up.