nearly out of cash and insolvent?, page-36

I think if you look at the numbers fluffynymph the risk is that they don't get the placement away. Don't think the net assets number mean much. Of $180m of assets, $121m is exploration expenditure. A chunk of it goodwill on purchase of Mashalla which was a distressed asset really. Development expense of $16m the next biggest asset and then only $6m of property plant and equipment. I am wary of being negative on something 90% of its highs, and anything can happen, but the facts speak for themselves here I think.