Havilah's Developing Projects, page-82

Market cap is now below $40m.
I'm very disappointed, like many of us. Things were looking so bright not that long ago; Paid off loan, processing good gold grades, working on improving throughput etc.
So many questions to ask:
-Developing Kalkaroo, Muturoo and North Portia at the same time? why spread so thin with limited funds.
-Meanwhile, who knows what's going on with Portia. Is the original JORC miles off what's really there. Suppose to be 54,000 ounces in the BOT alone. My calculations (from 25/9 Portia update and data from 2016 annual report) have 24,000 ounces of gold produced (not counting nuggets) since production began, from approx 495,000 tonnes processed (That's 'wet tonnes'. not sure how many dry tonnes that would be). But then they had the big announcement last year that they'd found lots more gold to the south and there's bedrock gold on top of that. All suggesting that there is a lot more than 54,000 ounces.
AISC have been constantly rising each quarter.
-Needing to Raise funds seems to suggest that there really isn't much left in Portia beyond covering costs, learning about mining/processing, and keeping the agreement with CMC to process the ore that they've delivered.
-Or, as I'm dreaming may happen, the next monthly Portia update is going to be such good news that it will drive up the share price and Bergen will be paying a premium for their shares and we'll be looking at a healthy balance sheet for progressing multiple projects. Please don't burst this dream as it's the only one i have left.

Justhavinago is hurting. Is there any good news?
Clark888 are you as gutted as the rest of us? Are you struggling with the direction/leadership etc as well? Or are you still confident that this company will turn things around? Would appreciate your thoughts.

Cheers.