Ann: Corporate Personnel Changes and Operational Update, page-94

I fully accept this will be a long game scenario and approaching it as such. There is a threat to the short term so I'm not discounting the issues.

Here are my thoughts:
1) Agreed. Troy were pribably over zealous in committing to the repayment schedule based on an attractive FS.
2) This ine frustrates me but there are many unknowns here. They probably didn't get a solid mining plan and cist forecast together in time for the end of May deadline. SP would be worse had they not released any info.
3) Agreed. This has a finite lifetime though- Jun Qtr 18.
4) Not based on history but if management have any shred of accountability left they will be focussing on this. Presume we will see a slow improvement.
5) agreed. Propose firesale as its a liability to a precarious positiin with little control over the asset.
6) Agreed, but this could go both ways.
7) given the furore from last year I'm sure there were lessons learnt on director buying and selling. A new mining plan would be insider trading.

Other turnarounds would also have had many issues. This may not turn around at all but I can wait until post FY18 to see whether the 500% is on...

Everybody wants to be proven right on online forums. Some may have played this better than me/ others but what really matters is my own position. A handsome reward will be fantastic and a total loss will be accepted.

GLTA