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I'm actually surprised that the co hasn't released our resource...

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Shellbell

7,668 Posts.

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30/06/22

11:58

Post #: 62293533
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Originally posted by Hangseng: ↑

Morning Possum, all good.

I have just been reading the Argonaut report again and it seems quite balanced with risks involved well stated. Also had another look at the Jan 22 DFS update, the DFS expected to be finalised at the end of July. My experience on these they rarely come out right on time. As this involves both upgrading resource with new drilling results and board FID submission in a form ready to present to financiers as in BFS, I am more expecting late August. I will be happy to be wrong though. I am hoping they also get to JORC compliance on the upgraded resource estimation, that will give confidendence to the market and project financiers.

For now a cup of tea and looking at todays market...another volatile, bumpy ride no doubt

Enjoy your day

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I'm actually surprised that the co hasn't released our resource update. This is from our 10th May ann:-

Timelines have been blown out of the water. Makes me wonder though if companies do withhold and/or release news according to macro conditions and market appetite or whether its just the nature of the beast and everything just takes longer than managements state and/or predict. Stuffed if I know!

BEM Price at posting: 6.8¢ Sentiment: Hold Disclosure: Held
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