This is the first time that we have ever seen Ed Walker act as a spokesman for the company, and he seems to be keeping to the party line that the feasibility study will be released by the end of the quarter, which is June.

Frankly, I would expect any meaningful anouncements to be made by Joe Gutnick himself, and don't read anything into announcements made by anyone else.

When Mr. Gutnick speaks the news carries an air of authority and more importantly, accountability.

Joe has demonstrated tight relationships with the Queensland Government in the past and would clearly make sure to apply/receive permits and approvals ahead of finalizing the feasibility studies with Wengfu. We could probably bet that Wengfu wouldn't make any public statements until they were assured that the legal approvals for the project were in the bag as well.

Time will tell, but if the recent decline in stock price was caused by nothing but malaise, I would expect the share price to pick up pretty quickly when the feasibility study is finally confirmed.