Next Announcment will likely be the quarterly next week.
Lets hope the “strategic partner/ pre-FID funding + deal” is announced shortly thereafter.
We should then expect the BFS and hopefully a revised timetable for production (because I’d imagine we’re 6 + months behind the schedule announced last July).
You’d expect this upcoming deal to be nothing short of “amazing for shareholders”, given the 2 month ETA (last OCT) having blown out to now almost 7 months !
Major shareholders seem content, and all the right ingredients are there.
My major concern at the moment is, is there a plan B if, for whatever reason, this current plan A doesn’t pan out ?
The company can’t afford another 7 months in getting, at the bare minimum, pre-FID funding squared away ….. the SOI is going to start getting revolting as the SP begins the slow descent towards 5c.
Im still backing Justyn, Daelim and Barrenjoey …. But I imagine as the days/weeks drag on that other holders still confident, may start to rethink their investment.
All IMO.
Cheyne
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