trading halt, page-94

Hi shreyab

Reasons why they need to do a CR are no doubt correct, but I question the timing of managements decision to do it now. As always, in hindsight, should have been done while SP was above $1. I also have my suspicions/thoughts as to why it is being done now, and also as to why the SP has been driven so low, and by whom?
Notwithstanding the fact that a CR may need to be done soon, I thought they had a $50 mill debt facility for Andash ( which is looking more and more unlikely each passing day ). Surely Jervois can wait a few months. Looks like they're trying to run before they can walk.
Get the first pour out of the way, get a definitive answer on Andash (NOW) and then look at progressing the Aussie projects.

Who is going to be able to participate in the CR? I certainly can't afford to buy anymore, but as a fairly long term investor (or mug), why was I not offered the opportunity to be involved?

Trading should commence this morning, and figures of 60cents are a "bit scary", but I think the CR would have been done at 85cents. Surely they can't do one at a 15% lower price than the last closing price?
All will be revealed soon!