Ann: Annual Report to shareholders, page-9

The RCF deal is highly dilutive to existing holders thus the RCF is bad idea. If the project ever gets up the dilutive effect will forever restrict the market cap to somewhere between 3-3.5 cps - IMO.

If the project go ahead is reliant on off take deals for most or all production, well don't hold your breath waiting. Progress with this outfit make a snail look like an F1 contender.

Management on salaries like a blue ribbon producer is another problem with getting things up and running. Not much incentive to do much when they already earn truckloads of cash.

I hold an amount in line with the speculative nature of this project but have more and more doubt as to success as time passes.