Recommendation, page-1374

"Above is very specific - pity for many long term holders who paid 2-3 times current prices - it was released through a presentation when SP was at 6c or lower
You might get some now buying up at these levels for profit taking"

Yes it is a pity that the sp is at 6c. I doubt anyone, not even the company would have foreseen the delays and hurdles to the project. The corona virus and Ukraine invasion added significantly to delays inherent in Angola. There may also have been too much reliance on some plan A's without back up plans which caused further delays as some plan A's didn’t come through. Eg the cornerstone investors loan. On that loan, it was quite clear from the start that Hong Kong Jason came in for the yellow phosphate potential at a time of possible concerns over phosphate supply. As we haven't heard of any further interest in the yellow phosphate to date, that might explain why there was no further investment from Hong Kong Jason.
All that is history and the sp is 6c.
All that most investors want to see right now is the funding completion and construction ASAP.
The market cap is still going to be only $64mill allowing for the SWF investment. The DFS after tax NPV is around A$390 mill at spot TSP price.
All investors have the potential to be in profit when this is in production.