Ann: Capital Initiatives , page-2

"As a result of the shortfall in silver production and consequent reduction in expected revenue, and to enable the Company to continue (to rip off shareholders),the Company needs to raise additional capital and restructure its loan facilities."


"The Company also announced today that Mr Ian Lawrence would step down as Cobar’s Managing Director on 23 May 2013. Mr Dreyer paid tribute to Mr Lawrence’s long serving
(confiscation of shareholder wealth),from its formation and listing in 2006, through to its rapid (depletion of shareholders funds). Without Ian’s drive and enthusiasm there would be no Wonawinta Silver Mine, and no BMW 7 series in his driveway, said Mr Dreyer."

Disclaimer: The above mis quotation from todays announcement is for amusement purposes only, and a matter of personal opinion.