Ann: Talga Board Changes, page-20

0Finger

Quite possible, but maybe we also need to consider that there is some truth in the announcement, i.e. that Andrew has demanding requirements in his other role. There is also mention of "future potential for collaboration" in the announcement.

re. the financing, the announcement dated 20 March 2020 outlines that Mitsui would be a JV finance partner subject to a series of technical and commercial evaluation stages. I would understand this to be customer qualification and completion of due diligence on the final DFS.

In the meantime, I would be more concerned with the short-term direction of the SP. The recent quarterly report indicated the Stage 1 DFS is expected in the current period. That leaves it open for yet another 3 months on top of the existing delay, which was initially Q1. This is Stage 1 only, a low cost CAPEX stage, so some investors may be re-considering their position based on management not being able to deliver this to date and so early in the project, with the larger Stage 2 to follow.

IMO, DYOR