PEPR

After years and years of consultation with the Yorke Peninsula Community leading up to
the preparation of the final PEPR draft you would imagine that whatever went into the
submission was more or less agreed upon beforehand. You would not put anything
in the document that was controversial and unacceptable to either party would you .
So more or less through the Voice meetings anything in the document would have been
discussed in detail before including it. So the final draft was lodged with the State
Government in February 2018 . We are now in the 13th month with no decision forthcoming
so far . The share price reflects that all is not well and whatever is happening it appears to be
negative. Could it be that the locals are retracting decisions or rebelling just to draw this
process out even further. I saw a photograph of the locals and Rex Management at the end
of last year and they all looked happy and jolly together and that seemed like a good sign to
me. Could it be that Rex are rather slow with returning clarification of feedback that the
Government may want hoping for the copper price to go bananas or the Chinese trade war
to be resolved before they get cracking . Its like a protest in horse racing , the longer it takes
for the decision to be decided usually the 2nd horse finally gets the judges nod. What amazes
me also is that there is no communication between Rex and the market on the progress of this
matter on a more regular basis. I suppose we have to just wait and see what finally happens.