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Next update should be confirmation of stacking 3rd cell at end of Jan, hopefully confirming cell design has been updated and the leaching issues are anticipated to be fixed...
Spread must be a killer
Would be nice to see a picture of the missing 60%, and I don't mean a pile of rocks !!
Will be a very dull interview unless they are planning an RNS before, not much to say unless new price sensitive information is released ? Thoughts ?
Once upon a time we talked hopefully about funds etc taking a stake to help provide some stability in the share price. I think at this point with hopefully only 6 months left to go before triggering the Anglo buy back decision I am inclined to agree with those who view an ii as a risk we could do without. It would only every put us further down the pecking order and we have already stomached a year of volatility in the share price - what's another 6 months ?!
I wondered if there were some funds like the middlekoop one that were holding out in the hope of buying in via a placing but following Colin's interview have now changed strategy and trying to accumulate via open market ? Realistically any larger investor wanting to buy in before M&A action potentially starting in June, has to start accumulating soon.
The DEP of June 2019 state a life of mine recovery rate of 82% is targeted based on the testing they did. All the theory has been done they now need to understand why in application they aren't replicating the lab results.
Mralien, Cygnus and howezap.
Actually for me the most important takeaway from Ascot is not necessarily how much $value we get from a buy out. Rather a second polphry will make the project viable for majors without infrastructure in the Lachlan fold i.e. AA.
It's something we debated earlier this year as the Xtract study CAPEX was quite high.
Much less likely to reach a stalemate with AA following Ascot discovery if we prove the grades to be economic in my opinion.
Joe and Howe
Colin certainly sounds bullish over the short term cashflow, maybe this has given him the confidence to allocate a higher proportion or maybe some contingency to drilling budget. He could fund some of the modelling and studies from cashflow.
Will be an interesting open Stevem, I think we get a good reaction due to Colin putting a time frame on when we expect to trigger the Anglo agreement. We saw 10% on Friday purportedly on just a rumour of the interview.
Not sure how much reach these Sunday roast podcasts get, would be good for it to be worked into an RNS at some point soon.
I liked the sound of a project team getting setup around the JV, and hopefully therefore a dedicated project manager. Colin did that for Xtract / Bushranger and progress increased exponentially, as it was no longer reliant on Colin and himself being stretched too thin.