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Even your best mate isn’t going to give you £100,000 to make a loss. Since suspension Trump has been elected and plenty of behind the scenes work has been done. I think the opening sp is going to be determined by the statutory statements made by the Chairman and CEO, plus any supporting RNSs. The MMs know there’s plenty of interest here. Good news means a high opening price. Seen this plenty of times. The MM open high and the sp often doesn’t climb above it - not this time! So my guess: 25p.

Obviously there’s a difference between a mineral resource estimate and a mineralization report. But part of the mineralization report is an expert opinion on the economic viability of the proposed project. I’d say this is a fundamentally important part of the report. It’s the rate limiting step at this moment in time.

No, I think it’s a probability not a definite.

Rob, that’s a good spot. Nothing new at Companies House, so it looks like Monday it is! Veuve all round!!

James, I’m surprised you didn’t know the importance of the Mineralisation Report. It’s a legal requirement that a MR, written by a ‘suitably qualified person’, is submitted with the application seeking approval to commence mining.

The information given in the RNS is worthless without it. It’s a way of having an independent 3rd party confirm that which is being submitted. This is good for the company, the shareholders, and the Western Australian Government. It’s an internationally accepted way of seeking authorization to mine.

https://www.dmp.wa.gov.au/Documents/Geological-Survey/Mineralisation-Report-Guidelines.pdf

Worth reading.

Western Australia is 8 hours ahead of us. I’m guessing they’ve closed shop for the weekend. Unless they’ve embargoed a release till close of play today. And I can’t see a reason for that. See you all bright eyed and bushy tailed at 07:00 on Monday!

🙏🙏🙏🙏🙏🙏 PLEASE 🙏 🙏🙏🙏🙏🙏

The Chairman’s and CEO’s statements will be key. It’s been a turbulent few months for the Co. 12p placing had primed the market for good news. Fingers crossed we establish momentum quickly, allowing for the obvious volatility that comes with a cessation of suspension. This share is certainly on a lot of people’s radars. A very good Christmas is in the offing! 🚀🍾🥂🎅🔥

Well said.

Just to change the narrative. FFS it’s turned into an excellent week. I’m so so glad that my worst fears haven’t come to pass. PPP was mirroring Tintra, that cost me dear. So relieved.

I’m wondering if the 12p placing was a “mates rate” to Tom? It sends a signal to the market that everyone has noticed. The share dilution is kept to a minimum, everyone wins. Looking forward to the cancellation of suspension.

I hope everyone has a great weekend.

GLA

Was going to say the same. 18% spread… cheeky bar stewards.

Better than that… 🔥🔥🔥

James, according to the Western Australia Government’s own publications, the Mineralisation Report is a stand alone document that supports the application to allow economical mining.

https://www.dmp.wa.gov.au/Documents/Geological-Survey/Mineralisation-Report-Guidelines.pdf

Worth reading.

Excellent news.

The share certainly got enthusiastic support. The 3rd party evaluation of the use ability of the product, and potential market price, gave an independent view. This should be reassuring, though I accept there’s always a possibility of paying to be told what you want to hear. Hence the importance or an off-take partner before the project commences.

So I’m guessing it’s going to take:

Plant design and tenders for supply and construction.

Planning permission (there shouldn’t be any issues).

Financing the project.

Building the new plant.

Off to market with the product.

None of this is too challenging. The components of the plant should be, pretty much, off the shelf. Up and running in 9 months, possibly sooner, is my guess.

At 08:03 yesterday morning, 0.035 was probably a sell. Unfortunately.

Both behaviors are wrong tbh.

And another one. It’s turning into a Gynaecologist’s waiting room here.

Fair point.