Ann: Trading Halt, page-15

They need a boost to the SP before the imminent CR. Get it to <2c then CR at 1.5 to give a discount to the average. I won't be surprised if they have already lined up someone but need a bump to justify the price discount. Every thing these guys touch looks good until the money runs out and then its onto something new. It takes a lot of money to develop a mine and they just dont have it, or know anyone that does. Its a shame as they have had their mitts on some good opportunities in the past, but all unravelled due to being broke.