They can’t even secure an exploration license, and you’re...

They can’t even secure an exploration license, and you’re already talking about mining licenses?

You might as well start drafting the ribbon-cutting speech for production while you’re at it.

The sheer volume of throwaway lines from Daws over the years is mind-blowing, a masterclass in overpromising and underdelivering.

- Spargoville? “It’ll be just a simple ramp-down open-cut mine, should only take a month to fully extract.”

→ Reality: Nothing. Not even close.

- Timor-Leste licensing? “We have a seat at the table, don’t stress—I know people.”

→ Reality: No license. No drilling. No progress.

- Drilling timeline?

- “February.”

- “Ok, February/March.”

- “March.”

- “Early second quarter of 2025.”

- “Sometime in the second quarter of 2025.”

→ We’ve now officially entered ‘sometime in the future’ territory.

And then the latest gem from just last week in the AFR:

“We are targeting a maiden shipment of the metal by the end of the year.”

Does Daws even believe this?

Because nobody else does.

It’s the same old pattern: grand statements, zero execution. Meanwhile, shareholders are left clutching a timeline that stretches further every time Daws opens his mouth. At what point do people stop giving him the benefit of the doubt?