It's all just taking too long.if not for heavy Trahar/Cameron...

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Netraam

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08/10/21

11:44

Post #: 56657261
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Originally posted by All4Info: ↑

I have a LT positive take on the project, that's why imp invested, but ST there are two obvious risks, cost overrun ( the TH will address this by the seems of it) and Funding (now it is great to hear the NAIF is actively traveling in the region - read through might be that they will visit Legune, But don't expect much more in the announcement that they did visit, and at a stretch some positive commentary re funding discussing are progressing positively etc etc, and project costs have been updated to support the funding process... I fully expect an increase in project costs, but pram pricing has increased more than what i expect, so net net, NPV is still likely in a better place.

Soooo.... This is all still about funding at the end of the day otherwise we are back at cap raise... I don't think it'll get to this as this is a robust project, they will get funding, we just may not like the terms for the construction finance, but SFG will be price takers, and have the Refi once they have production runs on the board.

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It's all just taking too long.

if not for heavy Trahar/Cameron investments I would have gone a long time ago. These new bosses also need to take some time to get going I suppose.
The photos of "activity" after $100M in the bank are to me quite underwhelming.
Also by the end of the year we ll be going into a long term bear market. We d better have our funds arranged b4 this longterm downturn starts.
for the rest all good.

SFG Price at posting: 5.7¢ Sentiment: Buy Disclosure: Held
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It's all just taking too long.if not for heavy Trahar/Cameron...

End of FY is a time to juggle wins, losses and capital gains taxes

Eurozone-based companies find new ways to secure a regional lithium supply

Sun Silver submits US$60M Silver Paste Funding Application to US DoE

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It's all just taking too long.if not for heavy Trahar/Cameron...

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End of FY is a time to juggle wins, losses and capital gains taxes

Eurozone-based companies find new ways to secure a regional lithium supply

Sun Silver submits US$60M Silver Paste Funding Application to US DoE

Time for retail therapy buying in the shopping Scentre for hot stocks

ASX200 dives as inflation clocks in at 4% – higher than 3.8% consensus

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