"Obviously project financing is an issue however if the project is even half as good as it's claimed to be you would expect lots of interest at these levels from mineral sands producers and consumers."
Obviously not, otherwise why the wait, if was in such demand, would already have been financed.
World class project which has slid from around 350 odd mill MC $1.24 down to below 20 cents today. Writing is on the wall mate, either extreme dilution or the project falls over, that simple really.
"they could scale back to a shell of bare admin staff with relatively low ongoing costs." haha yeh what exactly do you consider to be bare admin costs, $700k a QTR bare enough for you? I think this stock is already Bear enough.
IMO you just tried to catch a falling knife, nobody has wanted to touch the project previously, why all of a sudden would you consider it possible in the current market climate.
Good luck
(20min delay)