Sorry but none of your logic sounds overly compelling: - If the...

Sorry but none of your logic sounds overly compelling:
- If the mine isn't cash positive why would any owner, big or small, keep it open.
-The big shareholders also have the debt - let it go into administration and all other equity holders get nothing and it goes to debtors in possession.
- What sort of logic is "UK where they really know how to mine Tungsten". Firstly it makes no sense. Australia knows hoe to mine coal but plenty of coal mines have gone out of business and second, as far as I can see there are no other tungsten mines in the UK. In fact there are a handful of metal mines in the UK - they have no magic powder.

Bottom line this is low grade and even if the plant was performing at design it would struggle but working on the assumption that lack of any numbers in any of their reports means it is yet to come close to design, thus they won't let it bleed cash indefinitely.

A good rule of thumb in mining is don't invest in a commodity where China is a significant producer as they over supply and push the cost curve down. China produces around 80% of world tungsten so don't expect this mine to be saved by a recovery in the tungsten price.

I think stand clear and watch what happens. If the next quarterly is again devoid of numbers exit the building quietly