No great surprise about the appeal just another delay which considering the current toxic state of the market and gold still trying to recover might not be such a terrible thing.
In the current environment raising finance on great terms and at the current shareprice might not be so easy right now in this depressed market but if gold recovers nicely over coming months from the big selloff the environment could be considerably better in 3-6 months.
It would be interesting to find out who is funding the Christmas Tree guy re the appeals ? probably getting assistance from the anti mining brigade and the greenies.
This latest delay might be the final straw for some investors but I don't think it will phase our new Asian investors and they will happily buy shares from disgruntled investors at bargain basement prices.
Nothing has fundamentally changed just another delay and ATV has plenty of cash on hand from the latest capital raising so nothing to panic about.
ATV Price at posting:
2.8¢ Sentiment: Buy Disclosure: Held
