Settle down people. On the surface the announcement looks good....

Settle down people. On the surface the announcement looks good.
1. Operational and productional seems to have progressed well albeit with a minor delay. However 3 shipments soon is a fantastic achievement.
2. Cash cost is great for the moment and if we hit 3 loads it will be close to fmg in terms of cost without the ridiculous debt.
3. Up coming drilling program in Q3.
4. Funding currently secure.

However,
1. The issues are the lack of detail in the debt finding agreement - what was collateral to the funding and under what terms. This is what scares me as we could be at the mercy of out finders if existing or projected cashflow is severely affected.
2. The ST SP pressure on the downside due to 5 month capital freeze and lack of trust.

General positive while the other juniors are squabbling over rail, aren't we fortunate to not have to worry about that.

Does this mean we trade today?