Well, having failed to commercialise a single discovery in 13 years since listing, it only makes sense to try to work on three at the same time ...
Maybe could have summed up the last two announcements with:
"We are concerned with the interim results of our metallurgical work on the Earaheedy project, so we need a couple of diversions that will:
a) provide a reason for an upcoming capital raise
b) provide a reason to tip the majority of the capital raise proceeds into the bank accounts of management.
If we make the mistake of admitting the Earaheedy project may not be economic given the low grades and difficulty in improving them, we may not be able to feed at the trough for much longer."
Look forward to the after-close-of-trading quarterly report. No doubt section 8.8 of the cashflow will make for a good chuckle.
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