a not so comprehensive update, page-41

The $24m debt funding package provided by GNR has been used to satisfy outstanding State Government commitments to pay Environmental Bonds, with the balance committed for seawall construction.

Can anyone explain this to me.....i was under the assumption that the enviromental bond was payed with a presale agrrement......i remember having a discussion about this in the past and considering it a debt untill the ore is supplied to complete the agreement

I think the current share price is fair value at the moment in regards to resource and management perceived level of competence. It wont go up untill management prove that they can deliver what is promised. The share market is good at showing a lack of confidence in a board. The last 5 months of suspension show that the current share price is and was justified.

I agree that the announcement is very positive in regards to what is planned....15 to 20 mt from seawall construction and 60 to 120 mt from u/g. Brett might be considered boring by some but you will find they make the best managers....I prefer that to what we have had in the past. Perhaps we have finally found the bottom and will relist on monday by satisfying asx requirements.
I am a bit concerned with that other announcement.....we pay money for competence....no more silly mistakes please brett. Is really bread and butter stuff
Pete