emperors new clothes?, page-10

Loki, very good info and clarification/corrections. And thanks for the rainfall chart. As HappyCat would know, they do get a lot of rain there. Maybe living in dry Perth, mgt and board didn't know what 50-100mm/day would be like :-)

Stockpile. The Nov12 presentation still states 100kt of stockpile, but that was also the figure a year ago. I suspect it is below 100kt, but hopefully enough to keep production moving (even though low grade) if excavation remains a challenge. Not sure if they had the ability to stockpile due to silt, then equipment, and now power issues.

Sprott facility: Correct, I didn't quite mean the borrowed $8m was spent (it was drawn down-transferred to cash account), but assume cash is now less than $13M due to special purchases. Did the Chair mention at the meeting how much cash remains? As you point out, RED burns $6M per qtr, so although very tight, not running on empty yet. At least, lets hope capital expenditures are minimal. (Note that the new power generator is rent to own -- necessary when cash is limited).

Well, I added a bit more to my holdings at today's end of day price, even though I had added 25% more RED shares last week at $1.02. Always tough to buy against the crowd. Sometimes wise, sometimes a stupid move. Time will tell.