Ann: Half Year Accounts , page-8

kermit, shareholders are being hung out to dry here, it is an abysmal state of affairs.

meteors or no meteors, they are cactus without a raising or asset sale.

I find it hard to believe that a charge over the company isnt a market sensitive announcement...

so lets think forwards for a moment:

assume 20,000 ozs from alpha over 6mths.

rev. at 1400 = 28mill

costs at 1000 = 20mill

profit = 8mill

creditors are still not fully paid, nor is there a budget for exploration, resource confirmation drilling, or any progress on development at whatever's next!

I dont see a way out without massive dilution (or meteor)

What would JW have done differently i wonder?