Some glimmers of hope in today's announcement, but no mention of the Lochinvar project at an interesting time for European coal supply following the Russia sanctions. Lochinvar has been sitting there for some time with a proven resource but seemingly no progress on development or sale. With the Pilbara and Otago prospects it seems like a good time to divest Lochinvar in preference to a further cash raising to finance the next exploration steps.
Greatly appreciate the insights from Stellarbot which reflect poorly on management as they seem to be stumbling towards success despite themselves. The next AGM is due in November which may be the occasion for some hard decisions.
Some glimmers of hope in today's announcement, but no mention of...
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