As of 19 December announcement:
"The flow rates and grades are matching the planned levels and are expected to continue increasing as preconditioning is completed in subsequent Header Houses andas a chemical oxidant (hydrogen peroxide) is introduced."
If there will be no risk, then share price will be 3,8$. Not 1.3$. I tracked this company for 4 years now. Wayne only didn't tell truth when dilution was coming, and that was reasonable to keep it secret.
In other situations - communication with market was honest. Remember first MU-1 test which was "underwhelming"? They didn't covering it up.
As of 19 December announcement:"The flow rates and grades are...
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