RED 3.90% 37.0¢ red 5 limited

IMO each of these announcements is reassuring us all that the...

  1. 1,870 Posts.
    IMO each of these announcements is reassuring us all that the progress is advancing on Siana as previously scheduled.

    Until formal announcement of the project finance being passed the due diligence stage (which is clearly taking its time but still within the already scheduled timeframe for such - RED has no way to fast track this other than to provide all information as necessary to the banks and lawyers) the major steps towards development can only be in preparation and planning rather than major capital works commencement announcements. (The mill refurbishment and access road works however was carried out (is being carried out?) ahead of other higher cost capital works such as process facilities and earthworks, pit pre-strip etc.)

    Its painful but its nothing different to other new developments IMO.
 
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