ann out rights issue to recommence prod , page-54

I agree with your sentiment with regards to trying to do something about fixing, pafc united. There is no point doing nothing and hoping for the best, either accept RED as a total loss or commit to the raising. If the raising fails that is the end of RED and I can't see any value being returned to shareholders. It's a risky proposition though that from what I can see depends on:

1. Can RED get the permits and land it needs?
2. Is RED's plan to return to production, both short and long term, feasible and deliverable from an engineering point of view? (Or is this just another fanciful dream that hasn't been properly thought through)

I have no idea what the answers to the above questions are so would love to hear from anyone with experience in these matters. If the answers are yes then I'll probably buy in.