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Ann: Annual Report to shareholders , page-2

  1. 9,397 Posts.
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    Well, what's there to say?
    I sort of think that there is positive news, of a kind, in that the Coffey Report, albeit in draft form, has hit the Banking Consortium - I'm not clear in my mind about the significance of 'draft' v. 'final', in terms of time-frame, but it's a step forward.
    Of more immediate concern, I suppose the 10% additional placement facility resolution serves to remind us of the reality that what we are doing is expensive month after month and, since they haven't yet got a handle on the tin production difficulties, there is more financial pressure coming our way soon.
    Comments about parties, other than the banking syndicate, showing an interest have been in the wings for a while but only make me nervous - we've been there before and it took YEARS, we haven't got that luxury now.
    It really is time right now for some movement on the finance front as this has been dragging on for too long, don't we know it.
 
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