Its the gold price!
Mid 2020 when the gold price hit 2000 it was all happening, things progressed, but when the price drifted down from there the "go slow" started. (not providing requested docs for the Enviro appeal etc).
Got back to 2000 early 2022 and things were humming again, DFS, presentations, finance imminent and SP went up 50%.
From there the price of gold dropped sharply. the EMI was abandoned "to preserve cash flow" and the share price almost halved in 3 months.
My opinion is that management (and a lot of commentators) expected the gold price to be well above 2000 because of covid. I think the $975 AISC may be weak and finance (or a sale) will only come when the price of gold is re-rated and safely entrenched above 2100 or higher.
IMO its a race between the price of gold and dilution to keep the lights on.
Its the gold price!Mid 2020 when the gold price hit 2000 it was...
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