I don’t think they can provide an update on finance unless it’s signed off and there is something to announce or if it’s not going ahead and they have to put things on ice. You can’t fault management for not giving a running commentary. If recent posts are accurate then it may be that they are putting things on ice. That’s obviously unfortunate but if lenders are skittish abound the copper price over the next year (ie recession in USA and China) then they may be unwilling to lend at this point of time.
I spoke to a director a number of months back ( and posted on this on HC) and he said the financiers had a longer term view than the current copper price. But things have dramatically worsened since then. I think Barry was over optimistic back in May but the thinking then was inflation was likely to be transient (according to the Reserve Banks in USA and here) and the problems in China are much more extensive than the consensus was then.
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