short term upside, page-43

Think you may want to re-read the released statement re DERM. The conditions that DERM are requiring to be in place before go-ahead on light up of Panel 2 will be granted, have not been disclosed nor the time frame in which to meet them.
From the annual report and in the absence of any income nor announcement of further investment money, the rate of expenditure vs the amount declared in bank tends to suggest an insufficient fund situation by Feb-Mar 2011.
There is also no allowance made for court costs for the upcomming legals on that power station contractor issue.
The chairman dumping a large bundle of stock when it hit 45 is also a bit of a worry.
I'm holding off on this till new year. Hope they can light up and prove the gas as promised in Dec.