Ann: Battery Minerals June 2018 Quarterly Cashflow Report, page-4

Had to laugh at this bit DF is really taking the piss, a the timeline continually gets pushed further and further out to due insufficient foresight to obtain sufficient funding through to completion. Then in the very next sentence say that it was all part of the plan re delayed development timeframe. The fact such wording was included in the announcement just shows how mgmt are living in an alternative reality.

“This progress means Battery Minerals is on track to export its first shipment of graphite concentrate within 12–15 months of project finance being finalized.

The project development timetable will ensure Battery Minerals is ideally positioned to capitalise on the strong demand which is forecast to flow from the surge in lithium battery production.”

The fact they committed to such capital expenditure this coming quarter before finance was sorted shows what amateurs DF and the crew are, time for all involved to take a pay cut - suggest SH hold these turkeys to account going forward.