In reply to pedini89 - reply function has its usual gremlinsI see from your repost, it actually took him 4 minutes to see the drop & write a post.
That is very sad, a non holder spends all day watching a stock he doesn't own.
He's either employed to do this or is just a very sad sad person.
A few unrelated comments
Re the breach of the listing rule, amongst other things they said:
"A review of the Company’s administrative policy and procedures for ensuring compliance with the ASX Listing Rules is currently being undertaken."
3 days later we have a new joint CoSec (who is responsible for compliance).
You certainly can't say they weren't proactive
Is this the new Minbos?
Re the self imposed start of construction deadline.
Totally agree it would be a bad look if they miss this.
Having said that in the Crux interview? Lindsay said if they go straight to stage 2, at double the production rate they could easily catch up if there were delays.
Re the offtake agreement
People have mentioned an end of Month? deadline, I haven't seen or read anything that says thats the case.
IMO the financing to enable them to commence stage 1 (US$5.5m) is far more important. IDC financing isn't needed for 2 months after commencement of construction to keep on schedule. That's why it's in 2 stages.
Very low volumes being traded atm.
Buyers are waiting for positive news, few sellers willing to sell at these prices.
Top20 holders have slightly increased each week over the last 7 weeks.
These are the people who usually know whats going on - I know continuous disclosure etc, however in an imperfect World a T20 holder has a lot more access to management than others.
