Billmac you and others are totally vindicated concerning your criticism of the 1 for 8 consolidation. This should only have been contemplated after there was some degree of certainty of success with offtakes and debt funding. Otherwise (in the absense of any other news) there was going to be nothing underpinning the share price and shareholder value leading to any further capital raisings including the major equity funding component needed to kick start the project for real.
Let's hope we are all wrong and the last announcement before Christmas has some credibility and a Kundip gold startup is a real possibility. Improvements in the gold price would certainly help. Is a Kundip JORC "Probable" Reserve rather than a "Proved" Reserve going to be good enough for the lenders???
PRH Price at posting:
1.7¢ Sentiment: Hold Disclosure: Held
