Ann: Rincon Lithium Project Drilling Update, page-63

There have been no “promises”.

Shame on you for perpetuating this nonsense.

I eagerly await you putting this term and criticism to JZ at the AGM and being put in your place wrt forward-looking statements.

Imo that is simply a term for the inexperienced who take company guidance as the sole source of informing their expectations, then look for blame when those expectations aren’t timely.

Perfect example:
Upon submission of EIA report for expansion, JZ noted that the company expected permits within about 12 months. Afaict, this was based on their prior dealings with the authorities, and the fact that the 2ktpa plant permits took about 12 months. Was that a reasonable expectation? Imo yes.
Others get pitchforks out when it takes longer and even resort to calling him a liar.
Let that sink in.

The company provides guidance based on their expectations. Are they optimistic? Of course they are. Do things often take longer than anticipated? Of course they do.
They are not Robinson Crusoe there, by any means.
Dyor

If people fail to learn from history and examples from all across the sector, and don’t manage their expectations appropriately, they have no-one to blame but themselves, imo, for their apparent “shock” and “disappointment” wrt forward-looking statements.

Carry on.