Mre will be june ny if theyre lucky. No chance theyll meet the deadline theyve offered us. Its just bait. Theyve only just started drilling again.
september 14- 3 drill rigs (of which two only just started) by end of September 5 drills running. Fyi they had access after fires around the 10th august. It's taken a month to get the drills out working.
by x mas they said they hope 80000 drilled of 120000 (numbers may be slightly wrong but in the vicinity of as im not directly looking at a report)
Say they submit november. Take out xmas holidays and lab down time in jan. Results for half those by feb possibly the other half by april. Not an exaggeration thats how long lab results are coming back. Couldn't care less if they're telling us the lab issues are resolved because they said the same nonsense in January this year.
from there they'll take another month to two months to interpret which gives an mre in around june- July next year.
their investor presentation stipulates mre h1 2024. If they were confident it would be end of yesr they'd say q1 2024.
yet again read between the lines. There's a reason this is being pumped and dumped. proper rerate is a year away. Forget being bought out, it won't happen untill after mre. Possibly a cornerstone investment but doubtful.
its on the whim of the market atm. If the next few holes released (again why the long delay) are good we may hold at the $2 line untill mre but given lithium markets are in turmoil atm its not something I'm overly thrilled to hold through- clearly others of the same thought despite the "diamond fisted everyones an idiot bar me commentary here"
I would go as far to say we may very well see 1.30s again because of the lack of update by management. The delays are absolutely inexcusable
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