Ann: Bowdens Silver Project Appeal Proceedings Outcome, page-47

Well sure they could take it to the high court but considering the nature of the judgement it probably won’t be advised. If they don’t appeal they will have to back through the planning process which I believe took 4 years last time. So they will have to go back to the market to raise equity at a lower share price (plus a large discount given how much debt they are carrying) to fund the new approval diluting all current holders (retail won’t be offered any btw). The question you should be asking is how management allowed a project with well publicized issues to go through the planning process without having worked out how they would get power to the site. The second question you should be asking how it wasn’t considered a conflict to appoint a firm that one of their directors is a partner of. It may still work but it’s essentially a leveraged bet on the silver price now and given that the competency of the management team has now been laid bare your probably just better off taking a leveraged bet on silver. Personal comments not advice.