Ann: Dalgaranga Gold Mine Operations Update, page-10

This could well put the company into play (wouldn't surprise if it will be shopped around over the next month) but they're on the ropes now & any offers won't reflect underlying value for individual assets or the company as a whole. It may well be a 'take it or leave it' scenario (if it transpires that is). I'd have rather they took this step earlier and limited the cash burn to leave the company on a more solid financial foot that gave them more optionality at a future table of possibilities. The only saving grace is that they're still there & in control of their assets for now at least