RE: Maramara/REGROUP2 Jul 2024 10:48
Max you really need to read it all mate.
"The award of this contract remains subject to the completion of a positive DFS, approvals, funding and the Board making a final investment decision"
There has been no contract awarded to Regroup because there has been no FID as yet. They may be the preferred contractor but it really is misleading to say our contractor until the contract has been awarded which it hasn't.
Investors were told FID would come, it hasn't, investors are now being told Hancook over the line is weeks, or JV in weeks, the point is they simply cannot keep kicking everything down the road. Silver is going nowhere fast so EH has gone quiet despite the money spent to date and now they want to drill more holes at depth, who is paying for all these extra holes and lab tests? Like I keep saying September is D -day, they've either turned this around or they will get hammered, sp is dropping day on day on a few sells, just imagine where it will be on tens of millions of sells.