"After the delay with the DFS I think it's important to give the...

"After the delay with the DFS I think it's important to give the market some confidence that it's all progressing and there aren't delays to the EVA plant"

I think this announcement does signal that there is a delay. We've gone from it being operational this year (stated as recently as 29/01/21 in the 4C below)




To now it's a target of commencing installation by the end of the year. No timescale given on install being completed let alone operational (it will need to go through a commissioning period after installation), and the language used has gone from definitive to conditional. The gant chart in the Dec 2020 cap raise presentation said pilot plant construction would start in Q2 2021.






The market doesn't like it because it's another delay