With this announcement you pretty much have to decide....do you trust us and back us OR are you out. Their inability to give details due to lack of JORC compliance is very frustrating. Having said that will they even get a JORC compliant resource before they go mining? Are their plans for a JORC compliance resourse/reserve within a certain time frame? Just back in bluebird to do their thing and pay half the costs for the privilege.
Agree, funding is coming to a head in the next few months. It was mentioned in the quarterly that options are being worked on. Find it hard to see how there is not going to a fair amount of dilution as a result. Not confident that NST will prioritise Cannon UG either and may even let the deal lapse. Hopefully their review is finalised soon and they don't leave us hanging on that one.
SAU Price at posting:
21.0¢ Sentiment: Hold Disclosure: Held