Calm down its still a going concern, page-25

That is the problem here, the biggest manipulation here is tomboy. He comes up with all these amazing numbers, head spinning high power energy with big post with a million positive, but at the end of the day it does not match up with the financial. The saddest thing is no one else can get in with a rational view that is slightest in nevative or not what is in line with what his view is. Profitable since november 2014......... I have not seen the account for 2014, but know it a fact that back then, it is not a profitable operation.


The mine will not be worth much if it is put up for sale. For these reasons:

Low ni price with a cost basaronound 4.5.
No mining licence
The mine never produce a profitable qtr since it opening
Low grade with probable reserve
Sovereign risk is high with rapid deterioration of real
No offtake

As an example, pos bought the black swan mine in wa including plant for 1million.


The last distressed sale that I know of is dml, they got nothing for the mine in the eyes of shareholders.

My point of view around wellington buying is simple. They havent bought these shares because they saw value in the shares or potenital this will be multi bagger that will generate a good return. They are now holder of these shares because they are the custodian for the original notes holders who is planning for attack to take control of the mine for a song when it goes on the block for sale.as tb point it out most of the trade is mid point trade where only broker can place those trade. Notes holders put the mid pt trade on the market then it got pick up by wellington. Shares purchased on open market. But can any small holders pick up any of the cheap shares at mid point? Not likely. Wellington is the wolf with a sheep skin to make us think they are the white knight.