A comment on a couple of timelines items. The following being...

A comment on a couple of timelines items.

The following being has always stated “up to $10M” per month etc.
It’s a maximum and may be less in accordance with the agreement.
The facility for drawing down the $300M should be operational by June 30th. This looks totally doable. I personally wouldn’t worry about the CP.
here is once again a timeline as outlined by the company.
I think this will move fast and the $$ will be deployed rapidly. Kuching gov also looking at firing up the mining employment numbers. All about to get very busy at Bau imo.
Here is a reminder of what’s about to happen.

“Timetable
Given that shareholder and other approvals are required, it is the Company’s expectation that practical satisfaction of the Conditions Precedent will be completed by the end of the second quarter of 2023. An indicative timetable is set our below:
• Notice of Meeting (NOM) sent to ASX for review – 24 May 2023
• despatch of NOM – 1 June 2023• shareholder meeting date – 28 JUne 2023
• fully operational Facility (including date of first drawdown of US$10m) - 30 June 2023”.