Just been rereading your excellent comments Amiafish. I think you have summed it up nicely.
Just showing my irritation however when I say that the SP has drifted lower and lower over the last four months on the basis of the appeal and very little positive information coming out. It started to pick up again prior to appeal dismissal announcement. Unfortunately I believe management comment regarding the potential of not mining the DSO has helped the SP drop ~ another 40% in just over a month!
So now we are sub 10c and waiting on the appeal of the appeal and with IO forecasts predicting $80- $100/t and discounts of upto 20% for poorer quality ore.
With nothing coming out the company to help stabilise the SP it really is frustrating.
Ann: Riley DSO Project Update, page-36
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