A little harsh. Timing is everything. As 'punters', we like everything to follow our timelines, but it doesn't quite work that way.
They have covered majority of things to plan. Obviously Indee is the main outstanding issue but you can't rush this kind of funding. Sentiment is not that great at the moment. Junior miners have had a hard time of it when it comes to significant investment. They know themselves that proving up 2Moz plus and targeting 7yr LOM is the key. Otherwise they won't get the right people onside.
Patience is a virtue. And it's needed here. Even with strong drilling, expect SP to remain low. Historically that is the trend for most. SP peaks on exploration, drops away until all funding is completed and project is de-risked, then the SP grows again when the company is producing and making profit.
Unfortunately can't expect too much more at the moment. All will be revealed in due course.
A little harsh. Timing is everything. As 'punters', we...
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