Andrew and Clive are good at twisting words, they can't even soften the blow with their creative twist. I think there is not much to hope for here.
kangaroo flat has been in the market for a while now with no buyers . And that is with good reasons given the complexities there.
with gold falling out of favour, the poor showing at Henty and very high costs. One would be crazy to buy it. Even at very good terms, no one would contemplate it.
our only hope is dargues, its still featured prominently on the reserves, but curiously no mention about work to restart it. If that is the plan than they would have said something to cover themselves. But silence instead, which cumulate with their already long attempt to obtain finance suggests dargues is in some sort of problem which they are not disclosing publicly.
I wonder what liongold think of the announcement today. Its probably why Andrew is not pursuing them for the money owing.
UML Price at posting:
0.8¢ Sentiment: None Disclosure: Held