Have you ever managed a project Allens? If so i doubt it would be one as complex as this with so many components and variables. Some of these being technical, government process, logistics, economics and budget, relationship and business development, unforseen market impacts (now including coronavirus), timing pressures to name a few. Getting into the detail there are more complexities.
Also Vince and his team are not in the top 20 income earners in the mining game. This is no holiday for them, they want to make this work and are working hard to achieve that. With no dirt turned yet this is always a risk investment. BUT when you look at the team involved, the foresight and risk management they are driving and the goals they are kicking this is, in my opinion, a good bet. As i have said many times, my timeframe from the start has always been 2021-2023. That still holds.
Vince has a lot to deal with without having to worry about hotcopper shareholders, like you, who have a soap box to stand on to make their own opinions about how everybody operates or should operate according to their own portfolio/investment timelines.
Vince doesn't have to buy shares to be a good CEO! I'm glad he spends his time working on the project detail than looking at his shares actually. As a shareholder why don't you try and support the company you think will make you money. Far easier to blame everyone else for your portfolio poor performance i guess...
Lastly the interview was honest. He is not trying to hide anything. He would clearly like this to be a little further down the track but it is NOT OFF THE TRACK. The pragmatic change in processing location is strategically clever on many fronts. TMT will be paying $8 for their gas ... yes it's a bummer the DFS is some time off.
This flipping coronavirus hysteria is not helping anything and that has to have impacted some work with the Chinese partners at least in the short term affecting some outcomes hopefully not in the longer term.
All IMO, base yours on your own research.
AVL Price at posting:
1.1¢ Sentiment: Buy Disclosure: Held
A personalised tool to help users track selected stocks. Delivering real-time notifications on price updates, announcements, and performance stats on each to help make informed investment decisions.
(20min delay)