viable?, page-8

The latest Hartleys report states this is UNECONOMIC at current prices (as stated in earlier threads here). I doubt if BHP will play ball just so the little guys can get their little quarries going so it may be uneconomic for a long time. Any purchase here is high risk and akin to buying a broken down car that may be fixable at some point in the future maybe, in the mean time spend more money on it and hope for the best (esp in this market).

SRR will need CASH to start up Otjo so they can start up this means a CAPITAL RAISING in the nest quarter or second at the latest. This will have to be at a discount now (5c is my guess, maybe lower).

The market has deservedly lost faith in this stock after a left field legal challenge on the main project. As an investor you have to ask yourself WHAT ELSE HAS THE DUE DILIGENCE TEAM MISSED !!!! Don't get sweet talked.

I sold out.