RE: Good news18 Dec 2024 22:32
Correct , early works planned from 20 may rns , not my words good old Harry's
Early Works until September 2024:
· Completion of preparation for community resettlement;
· Detailed engineering for procurement;
· Community consultations on social development plans; and
· Recruitment and other organisational development.
Concurrent closing of project financing:
· Independent monitoring over the next few months that Early Works' field activities progress on schedule under the newly established policing and related safety protection systems;
· Satisfaction of all other conditions precedent, all usual for such a transaction and mostly administrative;
· Execution of definitive detailed documentation; and
· Drawdown of financing syndicate equity-risk capital October 2024 to mid-2025 followed by debt capital.
10 JULY RNS
Excellent progress is being made with the intense Early Works programme following Project launch in May 2024 to take Tulu Kapi through to September 2024, and provide the basis for full financial close and commencement of Major Works in October 2024, ahead of commissioning of production in mid-2026.
18th september good old harry says we remain on track and expect major works to commence next month , (highly likley he knew that was unlikley )
Of course dates and times become less frequent from harry at this point
Then says in November that Banks increase proposed loan facilities from US$190 million to US$240 million, this buying more time and keeping happy shareholders at bay.
Yep stringer your damn right it's been delayed , and don't let anyone else tell you different, otherwise we would of had a rns to say we are now in major works