Cheers MyleogbAgree that LDA funding under larger volumes would...

Cheers Myleogb

Agree that LDA funding under larger volumes would better support SP, I still have issue with the funding model (Pre or post pricing) when in need of a more robust register and sunnier macro environment. (Nice to have sticky holders)

We have trod this path with the regal rogues and now at a higher price plateau and in TA terms feels well supported. Don’t get me wrong defiantly excited at the opportunity to accumulate in high 20’s.

This issue provides insight to management decision making and thoroughness to funding commitments or project management in general.

The history of the company is well defined, in past posts, on heroics to recover project ownership and the company itself. However, this was a home goal they can’t afford. Was there too much trust in ability and autonomy of execs (not to name names) or naivety in understanding skill set, overwhelmed by task completion, what about external oversight with the LDA agreement?

I would have expected external advice on debt/equity schema and simulation of drawdowns and effect on share price at varying volumes for board consideration, prior to mgmt signing. Or as previously posted did LDA hoodwink on some last-minute changes. Cornerstone oversight at board level can avoid these issues.

The lack of cornerstone investors, suggests the market has a “wait and see” approach to company survival, measured by successful completion of milestones and BFS. Effective delivery as prescribed is everything at this stage. The management team are on show. Consistency coherence and confidence a must.

I agree with Tran that the LDA deal was a better promotion tool, I’ll eat my hat if LDA avoid temptation to bite the apple for a further issue (be it not the full 200%). If LDA share the HIO vision and see confidence to realise their options, a renegotiated agreement V2.0 would go a long way to increasing confidence. Rather than take a quick grab and drop SP further.

The pit to port limb is a keystone to the project’s profitability, the slurry pipeline is no small project, despite the shear engineering feat, the cross-country logistics to secure a route under the permission of landowners/users is a problem laden task. (then there is tailing and contamination management)

At a rural residential level, (not 300+Kms) I’m trying to bury 120mtrs of high-power wires across 1 x easement, a neighbouring property and a disputed paper-road and starting to think I should have got infrastructure Australia involved. (Mind you I’m not offering anyone rents)

To derisk this project in terms of logistic (notjust capex) more detail on the pipeline and port leading in up to the BFS wouldcomforting.