Ann: Managing Director Resignation, page-17

Well its certainly in deep hibernation.
This is the first year we haven't heard its going to production.
There will be cash in the bank (some) & hope of further R&D rebate. Costs have been cut dramatically.

Short term I cant see it going anywhere.

However the IO is still there, but it needs IO pricing to appreciate dramatically, or AUD to drop significantly, or a little of both - which might be possible.

I think we are better off than had we actually started mining, but the current picture isn't great.

I can't see any good news for a while.

Pretty gutted.

I continue to hold, but really cant see why you'd buy or how you'd value the company other than cash at hand.