The 11c buyers had a chance to depart with a handsome profit not...

The 11c buyers had a chance to depart with a handsome profit not long ago when the share price hit 0.345.

I think the seller reaction occuring today is not only due to the diminished value in Crux but to the apparent wastage of a portion of the funds shareholders contributed in the $122m capital raising as they will now not be used as planned to create wealth in the short term due to the change of plans without holder input or consultation.

Interestingly there has be no mention of Echuca Shoals and one would have thought the engineering equipment purchased from the CR (which they are now saying will be sold for market value) as well as the finance inroads made could be used to develop Echuca Shoals and enhance the facilities in the Longtom area.

IMO we need an in depth explanation of the Companies forthcoming plans as well as more detail on the current happenings . An update on the MD progress would also be helpful.