Well I.m off3 Aug 2023 12:01
Well todays Rns clearly sums it up for me ,I m off.
Reading the Rns the company ufo have not got a clue how to get things done or communicate properly.
1 Not one mention in the Rns for the delay from the original timescale 2 What they have actually been doing for the last 7 months 3 a statement of production in 2024,no mention of when ie Q1Q2Q3Q4 a year is a long time.
During this period we can be assured they will not communicate with share holders until they have to ,so be prepared for months of no news,then when it comes, it will be funding,yes funding with a lot of dilution to existing shares.
Words from the rns like ongoing discussions with native title holders they are no nearer on this than they was before Christmas, plus no explanation what is actually happening.
The provision of the dfs in the coming months will see the han project positioned to swiftly move through and conclude the funding and offtake requirements that will lead to the company,s FINAL investment decision in the latter part of this year.
This sentence says it all the word swiftly ,Alien does not even no the meaning of this word, basically this means the same as near term,which means months/years.
Company,s final investment decision in latter part of year, actually means Dec 23/Jan 24/Feb 24 ,plus are they actually going ahead with it.
So to sum it up
Months without news,fact based on past performance. Funding/funding/funding, which means dilution fact.
Timescales when they are given, will mean nothing, this is a proven fact already.
Putting up with paid rampers like Max,Cj etc,spinning this glorious company for the next year lol.
Lth are going to sit tight and watch this share go to new lows, I feel for them.
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