when will it turn, page-51

Wipeout - I believe it will trade again. The administrators are trying to sell Murchison, but whether they succeed or or not I dont know. Presumably someone will buy it, but at what price.

Andash (subject to shareholder approval etc) has been sold and will yield $14m or thereabouts.

That leaves Jervois. How much cash they will need to complete the feaso on Jervois I'm not sure, but I understand the aim is to complete the Andash sale and use the proceeds from that and anything left over from Murchison to effectively relaunch the company and complete the feaso on Jervois.

What future the company has will obviously hinge on the outcome of the feaso and, assuming the feaso stacks up, whether they can raise the money to get Jervois off the ground.