I'm not as "upset" as I probably sounded, however, it is NOW time to get moving.
Here's some recent comms:
Stage 1 development plan- 1st ponds filled circa xmas/Jan; Plant construction commencing March 2022
Stage 2 and 3 possibly combined- This would see Stage 1 as above (circa 11ktpa), then perhaps 21ktpa added to this, later.
A study for this combined Stage 2+3 expansion to be "progressed" in H1 2022.
Sounds like that won't be confirmed until S1 is producing and bugs ironed out; probably early 2023..? If they then pull the trigger on S2+3 expansion, it'll likely take til H1 2024 to get that expansion built...?
$$$$ (GXY @ June 30):
We have the cash required for SDV Stage 1. Mt Cattlin is feeding itself now, with good margins. We are safe there. ~Zero risk of Mt C consuming any cash now.
So, there is effectively zero risk in accelerating SDV Stage 1 now. Is there some concern about selling the product? Why? IMO this S1 build needs to happen HARD and FAST, with the current (improved) state of the market and the current low risk.
IMO we need an update from the company NOW wrt commencement of detailed plant design and expected completion of 1st ponds (ref above schedule schematic).
I understand the slow-play and risk-averseness over the past few years, and the impact that the downturn had on deal-making ability, risk etc etc, but that is done now. It is now time to move. Can De Solay move? SHOW US!!! We will be watching via satellite!
(ps. still holding strong and expecting solid growth ahead, just a bit frustrated with slow news flow and Simon leaving!)
