We are all expecting a Capex increase.
Looking at things objectively, if the capex goes up by 30% give or take, that will be a fantastic outcome. Where it gets tricky is when Capex numbers double. Mt peake with Tivan have such fantastic cash flows that they can accommodate a decent Capex increase without wrecking project economics.
I am a major CMT supporter and also have been inclined to give NB the benefit of the doubt until the AGM. I must say however, that all I am seeing is the same old poor governance and poor communication.
Mr Biddle, with this upcoming announcement, consider recording a genuine, one hour long, in house webcast (not these fake interviews) and explain to holders of your plan in light of the new capex figures going forward. Shareholders want a reset. Wouldn't hurt to also clear up this lithium distraction. It's obvious that Mr Burton needs to be fired immediately and, that discraceful 12 month notice period removed.
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