CRs are most always signed off on at higher SP rates (given an...

CRs are most always signed off on at higher SP rates (given an accelerated SP boost just prior to pulling the pin).

Quite obviously the drop that we've experienced of late wasn't done with a CR in mind.

Personally can't help but think they've jumped the gun a little...albeit from a position of integrity, mixing in some sensible fugility.

The data on US inflation is pointing to significant drops for 2023 (as has been the case since May/June). YOY inflation data will likely drop further next month and moving fwd as it really began to kick in this time last year, all the way up untill May 2022.

Comparisons from early 2022/late 2021 are going to point to a rosier period ahead YOY inflation wise moving fwd is my take.

This will have an effect when it comes to a financing environment.

I understand managements move as being prudent given they have a resource of this magnitude, at the ready and only 716 million shares outstanding vs an $85m mkt cap (Ridiculously good position for SP growth).

Just feel there may news/data available to management over the short term (1/6 months) that may be less austere than originally first thought. Not that a fresh look at a more staged approach wouldn't perhaps be more advantageous?

Lots to like as a fresh investor. Respect those that are held higher range. Ultimately a resource of this importance will prove its worth in bounds mid to long term.

Good things ahead..In the interim, looking forward to the below as a starting point.

And over the last twelve months, leading global companies have signed letters of intent with Hawsons Iron for offtake of approximately 50 million tonnes per annum of our Hawsons Supergrade® product. We expect to be able to provide more detail on this significantly increased offtake demand in an upcoming ASX announcement, after gaining approval from these counter parties to provide their company names.