Ann: Proposed Cash Placing, page-4

Time to sell up CAS me thinks. In the long run that will give existing shareholders their best possible return compared to the alternative. Let's stop flogging this dead horse. There will be over a billion shares issued by the time they reach production if they ever do. If that happens, at ten cents a share that's a MC of $100M which is probably over valued even then. And they still need to find about $90M for Capex. That scenario is approaching la la land stuff which then supports Tad's post on why there's little London support. The damage was done with the inaction that occurred in the prior three years. Whoever was remotely involved in the decision making over that period should be (have been) shown the door. Dead wood piling up, more and more administration costs. Hard decisions need to be taken but won't be.