It was Ok. Bit of a nothing announcement imo. Just confirming...

It was Ok. Bit of a nothing announcement imo. Just confirming what we already knew. Maybe it's needed because of their prior broken promises. But I can't see it re-rating on that ann. Maybe when the crusher arrives it will jump a bit. But will take several months of production to see a meaningful re-rate. It would need to ramp up to 5000t to gain credibility. Then when it ramps up to 10,000t it would most likely be profitable. That's when the money will be made for holders if they manage to avoid dilution between now and then.

Since they keep extending the Celtic note on a month-month basis, it's hard to know if dilution will be avoided or not.

But I have a price target that I think is realistic by years end and it's worth the punt. But could go lower before then. Plenty of willing sellers recently around 0.5c