Ann: Security Purchase Plan, page-20

  1. 998 Posts.
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    @Invest41 - I appreciate the response, transparency and reasons for your decisions.

    For what its worth, I do not taint the current management (Tom Revy and Jeremy Kirkwood) with the actions (or lack of actions) of prior management.

    I really like what Tom Revy has done over the last 12 months since he was appointed - see @Slider 's post for a summary of the last year or so - Post #: 79226986

    In terms of announcements, I think that the confirmation of Dry Grinding process is going to have a significant impact and is not what I would call a "fluff announcement". However, I accept it may have felt a bit fluffy whilst its being discussed as a possibility, not yet confirmed. I accept that the comments about by-products in the announcements could currently feel a bit fluffy. However, if they can extract a significant amount of hematite iron ore out of the same process, then that has a significant impact on the economics of the process. I'm not counting on that upside, but its good to know that they are still working on how to improve the economics and de-risk the project.

    It sounds like we will get a PFS sometime not too long after this capital raise - and that will give us a better look at what the economics are.

    I know you've been around for a while, and hope you keep an eye on this to see if current management changes your perspective. Good luck with your investments either way.

 
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