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I have to ask if there will me any minor changes that may occur, that could prolong this any further than the Company is forecasting."
The evidence to date (11 supplementary prospectuses so far) would strongly suggest that some kind of change (large or small) is a distinct possibility.
This placement has been a constantly changing process - hence the need for the sheer number of supplementary prospectuses!
And by its very nature - a prospectus is a 'forward looking' document that cannot possibly account for changes that may not be immediately apparent. So change to a prospectus is a distinct possibility for any company.
Nonetheless, the value in a prospectus is, in my view, found in who puts it together and for what purpose? For example, if a bank issues a prospectus for the sale of bonds it is, in all likelihood, put together by commercial lawyers alongside expert teams of financiers familiar with the nuances of their industry. They use their skills and knowledge of the industry to lower the risk to prospective purchasers of a product and they can apply their skills to anticipate any issues that might arise.
When you do not know the industry or have little experience (bauxite to MM is a rather large switch I think) or, you are entering a new industry then the availability of suitable skills and knowledge is a crucial part of the success of the objectives noted in the prospectus. In short - the expectation is to get it right. Or, you risk the consequences of not anticipating what an industry expert might have been expected to reasonably foresee.
Just my views.
