This MOU may not be exciting on the outside given the existing relationship, but it shows that we are on track to get the permit and achieve the financing agreement as per their timeline set in February this year.
The above timeline was set DURING a COVID impacted world so should be pretty accurate and considerate of the limitations on the company to achieve these things.
That means we should be in for a big month. I'd understand maybe not having an offtake by end of this month but I would definitely expect the BFS, MP and Rail/Port Access to be sorted. This is all in my opinion, of course. I'm sure PG and team are working hard, I just personally think (again, in my opinion), that not achieving at least some of these by end of the month could result in more selling due to impatient holders and investors.
To clarify, I won't be selling if they don't achieve them - but I definitely think others could.
CAY Price at posting:
9.5¢ Sentiment: Buy Disclosure: Held
