Oh no.. The management have just announced up to a 18 month delay on key milestones!!!
In May's presentation
Management announced to have finance completed Q3 2021 - now its 2H 2022 (a delay of anywhere between 12 and 18 months)
They announced that they would be construction ready Q3 2021 - now its 1H 2022 (a delay potentially of up to a year)
They announced that completion of financing was due Q3 2021 - now its 2H 2022 (a delay of anywhere between 12 and 18 months)
They announced to have first production Q4 2023 - now its 2H 2024 (a delay of anywhere between 12 and 15 months)
WITH NO EXPLANATION!!!
I have raised my concerns before on delays being added but this is a major CF and leads me to believe there are some major problems that we don't know about and they have put this out under a "rosy project update" on nothing more than recent news that has just been out.
Oh no.. The management have just announced up to a 18 month...
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Last
28.3¢ |
Change
-0.008(2.59%) |
Mkt cap ! $666.3M | |||
| Open | High | Low | Value | Volume |
| 29.0¢ | 29.0¢ | 27.5¢ | $767.7K | 2.694M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 12 | 541860 | 28.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 28.5¢ | 105676 | 15 |
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| Last trade - 11.37am 01/11/2024 (20 minute delay) ? |
| INR (ASX) Chart |