RE: Full steam ahead28 Apr 2026 19:18
This is such a slam dunk that the share price is falling.
The last raise killed this. There is too much dilution and too many warrants to be a big pay off.
That being the case why would anyone commit money long term to it?
The pattern is the same as it's been for a while. There's a big seller. Those sells are being absorbed but not fully, hence the decline.
The key was the volume dry up at the end of last week. The SP could have gone either way. That it's gone down is a worry. If that hasn't been reversed by the end of this week then this is over, at least for the foreseeable future.
The lesser spotted finance partner is still keeping themselves concealed, and another placing is more likely than confirmed monetary backing.
You can parrot the achievements all you want but if the finance isn't in place the project won't succeed.
The increased MRE is very nice, but it's just the start of another long road and yet more jam tomorrow.
Colin Bird may understand mining, but he hasn't got a clue about finance.