Talking about being taken for a ride - peers latest 4C still splashing cash they don't have spare to build a business case and feasibility just burning through the cash don't even have plant and mine specs yet and revised capital cost incoming - hope it isn't too high
even worse some down rampers that come on here are critical of our reserves (which are the best in Australia) when the same 4C quotes the poor state of their own drilling program which has not yet been funded and only surface sampling done with results not due till next year - WOW
looks like a lot more CR will be needed to fund all this activity, might be what's holding back the financing they are chasing
lucky ARL has cash on hand equal to 55% of peers total MC
its amazing what you find when you read companies announcements DYOR this is not professional advice
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