No Production Until 2027...... If Ever, page-165

“Ask yourself the hard question: have the fundamentals changed?”

They seem to have changed, yes.
Only 7 months ago, the company was saying the DFS amd ESIA would be done by September, or within about 10 weeks’ time.
….aaannnddd well here we are, still months away, 7 months later!
it does indeed seem that fundamental aspects of this company and it’s supposed progress have changed.
It was apparently so close, yet it is still so far.
Why is that?
One might argue that the company was painting a partcialur picture about “the fundamentals”, when in fact reality was different.
It seems they hadn’t done basic flow tests or re-injection testing to adequately inform tbe DFS or ESIA.
People had a certain “understanding” of various fundamental aspects, based on the claims of the company, only to discover that all was not what it seemed.
So yes, I would say that in that sense, the fundamentals have changed.
People were told to expect “2024 production; 50,000tpa LCE rate” only 7 bloody months ago, amd now the best guess is somewhere around 2027, assuming no major hiccups, imo.
That’s a very serious delay in revenue and a very serious deviation of what many had in mind for the growth/development rate of this business.

btw, “fundamentals” go far beyond “EV growth” etc, as I’m guessing you’ll point to. Timelines and progress are significantly different to those stated/implied only months ago.

Surely you can admit that “2024 production; 50,000tpa LCE rate” was never realistic and a rather disingenuous claim…??
THAT is what investors were led to believe as reasonable, presented by the company on multiple occasions. That was the “fundamental” progress that investors were expecting. That has indeed changed.

imo
Dyor