We understand that the delay in securing all the finance required for the construction of Boikarabelo and the consequent delay in beginning production have been disappointing for shareholders, and we appreciate your patience. They have been disappointing too for your management team who recommended to the board that the funding offers were not in shareholders’ best interests; as a consequence, management will no longer benefit from performance rights that depended on project funding being achieved by 30 June 2013.
Garn
RES Price at posting:
25.0¢ Sentiment: ST Buy Disclosure: Held