Not a good report in my eyes,
*Still think they are not coming clean on the details of outstanding costs, particularly comments on what is required for the crusher .....using very vague language, this usually indicates important details are being withheld.
*they can't get investors to stump up all the cash needed, indicates that they must think that its too risky to provide all the cash needed.
*Investec are putting server restrictions on them, so they must be worried.
*after all this time in suspension and seeking suitors they still haven't found another company to buy in...which indicates there must be some real risks involved. If it was going to be self funded in three months and a mid tier mining company in the near term they would be falling over each other to get in.
* capital raising is at 16c and options at 20c is a very low value considering the money spent on the project to date, indicates the risks must be high.
………I hope I am wrong.
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