Equity raising that dilutes us to buggery and all for what? Raise another $22 million to plug the losses for this year? I still remember the earlier CR that was supposed to strengthen the balance sheet. How the hell can you run a profitable mine where you shut down for 3-4 months of the year but still retain expensive leased machinery and equipment? This is just beyond belief and these people think its all fine and rosy. What an absolute joke. Did the banks agree on bridging finance? If not all those dark questions are answered. It is time for a complete replacement of the board and CEO.
Ann: Equity Raising, page-8
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