Ann: Half Yearly Report and Accounts, page-3

So the company is living off monthly rolling loans at annualised 36% interest rates.

Lots of grammatical errors throughout. Not surprising given the quality of Madhu's announcements.

The resource is based on a cut-off of 0.5g/tonne (ie uneconomical grades). People who think this is a good resource have rocks in their head.

You would have to be the dumbest person in the entire world to think this Company is ever going to have a gold pour, let alone be profitable.

Have they even determined what the strip ratio is for the open pit????? Has this been disclosed anywhere?? OH - right - no DFS therefore they actually don't know the economics of the project at all.

Embarrassing mob