Be nice to get an update from management, page-29

Hello, if I can express my view.

The consent is void but that does not void the original application nor all of the work including reports, submissions and evidence.

Instead SVL has to include the power supply - it always needed to have consent to that as was made plain by it during the process several years ago - and there has to be an assessment by the decision-maker which takes into account the likely impacts of the development including that.

The shape of that assessment and hearing process will be determined but it is far from a go back to the start situation. Updating of some aspects will be required but not all.

The state significant status confers a fair bit of leeway with the process. The legislation allows amendments and variations and conditions - there are lots of routes to an excellent outcome.

Ministerial approval will likely be deferred or declined while that is underway, and can be sought when the mine including power supply is approved.

Frankly IMO the effect of this decision and its narrow basis are being grossly overstated. The consenting authority, planners and SVL made an error of law. This is not uncommon and is curable but will take some time.

This assumes there is not a successful application to appeal in the meantime.

My timeframe for this stock to be a multibagger was to about 2025-2026, and that is unchanged, except that I think those that get in now will make considerably more (that said I bought a few more this week).

I can’t really understand why some posters with no holdings seem to be intent on wasting so much time denigrating holders for this unfortunate but curable error.

GLTAH