Ann: De Grey Opts Out of Diamonds Option Agreement, page-7

oops,
try this..
Its hard not to be harsh mailo. Harsh it what is deserved. They have no funds to do anything more than wait and develop the current assets when favourable conditions return. Unless they can do placements at 10c per share or something, but at the current value on 0.1c per share any raising they do simply massively dilutes the holdings of longer term investors because they bought in at 100 x or more the current sp and were the ones that contributed to value at Turner River and Beyondie. Wasting money falling for the old salted diamond trick is beyond the pale. Wingina well is a viable gold mine now the mining boom is over and wages are likely to drop back. There is simply the need to either wait for the JV with Rugby to expire, or to get Rugby into gear and then find an additional JV partner with an available CIL plant and then get on with the job of creating a mine.