Confussed

I have taken a couple of hours to digest the announcement(and calm down) I am at a complete loss as to why this announcement was made.

I was expecting a detailed update on the last 2 weeks running at 90% capacity. This would have hopefully shown that recoveries had at least maintained the 52.8% level or increased. The quote of average for the quarter of 47% would indicate that recoveries have not fallen but we dont know for certain and we should not have to quess

All the rest of the stuff on financing which has clearly scared some investors did not have to be announced. It has already been announced in the annual report. Why announce it again and present it in a confusing and negative way.

It was presented much more clearly in the annual report.

In a matter of weeks the company has taken the positive of re-financing to persue a second project and turned it into a huge negative.

For those that still have funds left this is a huge buying opportunity. The project is now de-risked and generating weekly revenue of at least 1.3m and a cash margin of around 500K a week.

Maybe they should have put that in the announcement instead of the financing update