The plan was to use this year to remove overburden and...

The plan was to use this year to remove overburden and re-commence mining. But because the HMS plant didn't work properly, along with a leak in the ILS pond, they didn't gather the cash, and now they're stalling resumption of overburden removal by doing a new lom study while they get the cash situation sorted. They need to prove up the HMS plant to do it, so this is the quarter to show the capital markets they can do nameplate and raise on their terms. With capital, tiger can then carry on new mining activities.

My only comment @mornington is that you're right in saying the directors failed to control good technical outcomes for us in 2016. However, in fairness to your comment about posters - I think people on this thread generally acknowledge it's not the fault of new management that started in 2017 for the state we're in now, and I'm personally pleased with what they've done this year to bring it back from the brink..