Satori - long term the $17m is an irrelevance the company needs...

Satori - long term the $17m is an irrelevance the company needs $600m and all the positives you have alluded to should assist them in achieving that goal and to go mining.

The immediate driver of the S/P is market perception and the ability of management to meet time-lines. They got the PFS hopelessly wrong and market perception of management has been severely damaged.

The 30% dilution at the fire sale price of 35c would not have happened if not for the PFS debacle.

Timeone have already missed one payment timeline for only $2m - JP Morgan selling out at what appears to be the bottom of the market is also weighing heavily on the market

On the positive side - the Sub Holder notice for Bond Street this week and the comments in their monthly report that Tony had convinced them to stay and for them to now be averaging down their losses by buying more has to be a positive.

But IMO if the $17m doesn't get banked on time it has far more wider ramifications than simply finding someone else to take up the Timeone placement.

The market needs this announcement to settle the nerves and allow the S/P to head north again on the back of the upcoming company changing events like Cockatoo.

There has to be doubt about the $$$$ arriving as IMO the S/P would not be 22c today if it is only a formality.

Hoot