Hi Karlene,
My view is that the main significant holder kept a tight rein on the control of the company for to long which prevented the significant money taking a stake in the company. It was all very badly managed IMHO, mining requires significant cash early not just drip feeding.
Yes things do not look much better at the other company, the reserve numbers do not look good.
Cheers
DYOR My thoughts and ramblings only
Ann: Update on Redeemable Notes, page-12
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