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?
(20min delay)