Yet another presentation not saying much more than previous presentation in Jan for TD securities conference.
The company needs to lift corporately - Bring back Middlemass and Tass.
i will have a superficial crack at it anyway, here goes:
Exec Summary:
I am sure the crowd will love seeing this again- no real update other than the Site Preparation starting earlier than stated in the January Presentation- well done guys!!
Still no news on finance, JV... We are heading for a Cap raising- perhaps not now- but for Stage 2. as they have stated - "additional funding may be through coal prepayments, debt and equity!!!
Detail:
Cover Page - different presentation title :)
Page 2. highlights the same
page 3. & 4. exactly the same- order reversed..
Page 5. Vista Overview - exactly the same
Page 6. Timetable - Site Prep now starting middle of Q2 as opposed to start of Q 3 2013 - woo hooooooo, construction baby... (or perhaps a typo :(
Page 7. Vista Capital- contract miners decision has disappeared. Font size :)
Page 8. & 9 No Change
Page 10. Steel Fabrication, now reviewing bid packages, small progress.
Page 11 to 16 No Change
Page 17 No change- they couldnt even be bothered changing the Market Cap....
Page 18 to 21.... No Change!!!!!!!!!!!!!
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