I think there is some trouble and the problem seems to around the road. Maybe Regent worked out that also. Delays mean extra cost unless the contractor on the road is on a fixed fee highly unlikely.
Mail from my mate at FMG creek site is trucks are coming in since the roads re-opened after the rain but still via Gate 1 which means down the Nulligane eg small trucks low tonnes. Not sure who is building the road for them but clearly its well overdue. On a postive they are moving tonnes so able to sell some ore & generate some cash flow. Not much but some is better than none and banks tend to increase credit lines when they see cash coming in. From small things big things grow. Once the road does open my guess is the current SP will take off so anything under $3 I think is good buying as nothing will hold it back once they ramp up the tonnes and from what I can tell everything else is in place & finished. Its just the road now which = more tonnes = more cash = high SP. Paitence is required as when it moves it does go quickly.
Cheers Hotlegs
BCI Price at posting:
$2.54 Sentiment: LT Buy Disclosure: Held
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