This whole debacle has been tied to the original lack of understanding of the economics of the mine and the appreciation of the risks of things going wrong. The whole debottleknecking has been a complete shambles. Unfortunately most of the team there now are not responsible for this mess but are now assigned with fixing it. With such a debt, who else is going to lend the massive amount of loot that is needed to keep us afloat? We've run out of options. Saying that, Taurus now cannot afford the mine to fail eithee as they too are in very deep. That's a good thing for us, if there was one. Operationally we need to get the mine back into full production asap. The ASX delisting is a concern, and I see no reason for not trading. Its a joke that shares are issued at giveaway prices and we can't sell our own. At least with trading, new money could come in by people without the rollercoaster experiences of rhe past.
TGS Price at posting:
4.9¢ Sentiment: None Disclosure: Held