Ann: Request for Extension of Voluntary Suspension, page-12

This was fully valued against the business case NPV when it was trading at 50 cents.

We all know now that the business case was very unrealistic and that activities on the project have negatively impacted the actual situation on the ground with various actions effectively sterilising ore.

Any financing restructuring is going to dilute shareholders, increase debt and have a double whammy impact on value per share.

We'll wait and see but I'd suspect that the current share price would be a great outcome, and that most likely this will be underwater for years.

I think that anyone entertaining the notion that this will provide a case study for a brilliant turnaround needs to reread The Emperor's New Clothes; your brain is deliberately feeding your conscious mind misinformation.