Yep!
You heard it correctly:
1. Onsite Demo plant commissioned onsite has slipped another quarter...now expected Q2 2022.
Plumbed into some extraction and re-injection wells.
Nice to know management are reading...I note: "...once brine feed, power and reagents are connected."
2. DFS has slipped another quarter...now expected Q3 2022..."maybe a little later".
3. Final investment decision (FID) has slipped another quarter...now expected in 3Q22
Quarter by quarter slippage, is nothing short of death by a thousand cuts for SHs.
How about setting some realistic and deliverable dates in the first instance.
With respect to the claim only US$50mil capital raise is needed...well, I'll walk down Queen St (in every Australian city or town), if that transpires.
And lastly...when do the oppies expire?
Just my opinion of course...and I'm usually wrong.
DYOR
LKE presenting on Red Cloud 2022 Mining Showcase, page-15
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