I agree JG. It's going ahead pending finance that is on terms...

I agree JG. It's going ahead pending finance that is on terms that the board agrees to.

But I would have thought that the numbers have to add up before the board agrees.

The delays that have been going on since January are all about finance. Not about 'studies' relating to the utilisation of Bendigo plant.

There is obviously no financial benefit in retaining ownership of Bendigo so that the company can scavenge the plant there. At most the company had estimated a savings of $5m in the Dargues build by doing so (see previous releases). Claims that the plant at Bendigo is worth $30m or so are a little silly. If that was the case, the company could get Dargues up and running without going into any significant debt.

And don't get me wrong. Dargues is a good asset but the company just might have to wait till they rebuild their cash balance.

It would not be easy to get favourable finance terms in the current environment, particularly in this industry.

Perhaps we all need a little more patience and need to re-calibrate expectations.

Cheers and good luck.