"but getting increasingly worried about the environmental approval."
Thanks for the well thought out post zog, ausheds covered the above concern yesterday, I thought.
My understanding for the delay,is management were tardy in addressing the detail,we all know governments love detail.
In relation to the financing of phase #II,its my understanding their looking at bank funding of $35 million,the cash on hand should be okay for any overruns,I would have thought,that is unless the cost of phase #II has gone up,I cant see it having gone up too much ,if at all.
A positive step to day,more,much more is required soonish.
I wonder how many sophs are still in,or have they all bailed via the stop loss,hence the SP free fall?
Raider
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