I dont think it is management that is causing the delay, it is the ACMC committee and the DIA. They still havent decided if Mt Forrest is clasified as a heritage site. Ive spoken to Mindax a few times and i think they are doing all they can. Ther are in regular contact with the ACMC and the DIA, the minister is also aware of the delays. But until the ACMC decide if it is actually a heritage site, we go nowhere.
As for a share price after the heritage issues are confirmed, it could go anywhere. I think we will see a lot of buyers return when they get drilling approval, so hopefully the wait will be worth it.
MDX Price at posting:
49.0¢ Sentiment: Hold Disclosure: Held
