Ann: Half Yearly Report and Accounts, page-5

All the costs have been amortised as "Development Costs" which is accounting speak for, we are down 5 million dollars really. Amortisation is ok with long capital life but severely risky on a small show like this.
Given that other factors are in play, to which they are party, but do not control, the damage to the crusher, the sale of the plant and many others, they are in reality trading insolvent.

Pro bono publico