Amazing how everyone writes off the company before they even get a chance to rectify things. While I'm not happy with the announcement, I still think there is a real chance they may get financing and the Chinese may possibly welcome them again.
I have a lot of questions on why Glencore did not know about the mill design issues well before this, since I was of the understanding they were on the board to offer guidance and oversee their investment.
The company is certainly not being dumped as yet, although lets see what happens in the next few days.
My view...I will hold a bit longer and see what eventuates.
Ann: Hera Project Update, Expansion Study and Financial Update, page-16
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