Chairman (Director) on a 6 months Performance Plan/Notice due to an inability to start mining, page-99

don’t over complicate it Harold

WWI was discussing funding with IDC

- $16m USD is the threshold for what IDC can provide if going for the expedited option. People are impatient with how long this alone has taken so you can imagine timeline if wwi-idc looked at next level up. They’d done the technical due diligence pre LOI, now they begin with the legal part. Hopefully gets done soon.

- One of the discussions between IDC-WWI was about IDC saying we can give the $16m but what about the balance needed as per the DFS? Guess they didn’t want to be in a situation where we start with $16m but unable to get the remaining $ needed to ensure ramp up over the 3 yr period.

- This is when Wingfield steps in with $10m from their end. Once IDC completed their DD & is signed off, will be a case of if its good enough for IDC then good enough for Wingfield’s $10m as well. They’ve already negotiated 400m options at 1.5c strike with long expiry giving them plenty time+leverage+safety net on this deal so don’t see their DD going over and beyond what IDC is doing.

- Combination of those two giving $26m EOI has obviously helped the company advance discussions with other lenders for the remaining $15-30m.

Once again, above all was from the AGM last yr

The paragraph above you’ve highlighted suggests we are very close to achieving a good chunk of the remaining funding, thereby accelerating IDC’s due diligence.

Just last month people were circulating unsubstantiated rumours about non exec director selling after resigning & many exited in haste/fear at 1c. Clearly that wasn’t the case & @Skell confirmed it here. You don’t give $10m usd to a $40m Aud mcap company if you don’t believe in it doing well long term.

Sp is 40% up since then & we’ve seen line wipes, today alone was $140k volume. Still a long way to go before many long term holders here get back to green.

- Appeal dismissed
-⁠ Increase stake 66 to 74%
- ⁠Resource Increase
- ⁠Uranium JV
- ⁠IDC Due Diligence done
- ⁠Funding remaining 25-30m
- Equipment mobilised & blasting start
- 1st Ore delivery, gold pour etc

Will they raise again? Who knows? If get funding through before May or so then no need (unless some $ raised in combination with debt/streaming for small portion of funding etc), if not then maybe another brief one to keep lights on (hope they don’t need to but only time will tell).

See plenty catalysts for sp growth in the medium-long term so am happy to hold. We disagree on a few but I agree with your valuation of that 9-12c mark should things fall in place. Will have numerous pullbacks along the way, but good luck to people trying to time it.

dyor etc etc