RE:RE:RE:RE:Open Letter to Shareholders from Chair of the Board of DirecI'm still not clear about the timelines. The letter feels like it is skirting around it. In one part it talks to the FID not impacting project timelines, so to me that means we are still tracking end of August at the latest as I understand the project was tracking to start tree clearing in September, unless that can still be done prior to the FID. I understand why Eric didn't put any dates in the letter as they've been burned by doing this before, but I would feel better if there was more language around 'we are still on track' and 'nothing has changed'. I really am not clear whether the goal posts have moved again.
Also, not sure I agree with his Lassonde Curve interpratation as to me we should be creeping our way up the Development curve that covers Financing, Engineering, Permitting, and Construction. Three of the four are in advanced stages and it would make more sense for the shareprice to be moving up as these items come to closure, with construction to start imminently. Something does not seem right that we're still making our way down the Orphan curve with these items so advanced.
With that said, I appreaciate Eric making the effort to release this letter. But a team of this caliber should have never put itself in a position where a letter like this was even necessery.