GW1 0.00% 5.1¢ greenwing resources ltd

re: Ann: December 2011 Quarterly Report of Ac... current...

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    re: Ann: December 2011 Quarterly Report of Ac... current processing is of ore that was already on the ROM pad so since we have already mined it we might as well put it through the mine and realise the $ for it.

    Ongoing mining was always going to be of "easily accessable ore" i.e. lets just mine what is easy to mine up until a point where we need to invest additional funding in from a development point of view.

    So what they are doing is accelerating the mining and processing of ore that they know they can make money on and get cash in for, then at that point (probably around the 24th) the bankers will decide what to do based on the plan that they are provided at that point.

    At this point all the bankers are doing in monitising assets which they have first claim over while they decide whether we need to be put down or whether we still have a future don't read anything into the spin as that is all it is.
 
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