Ann: Appendix 4E and 2016 Full Year Statutory Accounts, page-3

Kickit2me, these results reflect poor management. Why would one allow a $14 million black hole to appear when pay rises were offered and, during the period, new apparent "expert" board members were added at extremely handsome prices??? But now, as a loyal shareholder, I find my shares significantly reduced in value.

Disappointing to say the least.

I know one does not stay in business if they spend $14 million a year more than they earn. How does one decide to dig up dirt for a price less than the costs? I understand that somethings are out of control, however, good management would allow for a margin of error, and to be honest, the zinc prices did not fall that dramatically to burn so much money.

I am extremely unhappy about the dilution that is now almost inevitable given the financial situation the company finds itself in. My only hope is for the "new" CSD to start showing profits to counteract those losses and to finally get the tin out of the ground. (I still believe tin is the future.) I also believe the company should look at selling part of its assets to cover those loses, especially the pipedreams down south, or at least derisk by selling 51% and allowing others to develop (and take on the added risks).

I guess time will tell and at least, in regards to metal prices, it looks like we are out of the doldrums. Who knows, there may still be life in the old dog.... unless they are only fleas moving its dead corpse?!?

Hmmm.