RE: Strandline resources9 Jun 2021 10:46
@Trilla - okay so all just supposition and expectation, or lack of.
Fact is according to the CMET's own presentation, I urge you to examine closely, the timetable for EIA was within H1 -we are still there. I DON'T expect the company to publish RNS's to provide people on countdown updates to EIA progression, they have told us what they've told us. I only expect to see this if there's been a material negative impact.
Further, I don't think MF is just sitting around waiting for the EIA. I expect , and he's stated as much, that samples have been provided to offtakers and would expect they've already started at least preliminary negotiations on these together with whatever financing arrangements they need to have in place for £35m capex requirement to bring mine to production.
Thus, I expect the items within the company's control will be executed fairly rapidly after the EIA and Mining Licence processes have been completed.
If you watch MF on interviews you can see he is not the 'ramp up expectation' type CEO and when he says something I tend to believe him.
SO for the moment I will continue to have faith in his timelines only when the facts change will I adjust my opinions. But as of right now i think it's reckless to suggest a years slippage.