Oxide price followed by our share price went over a cliff for...

Oxide price followed by our share price went over a cliff for nearly 1 year while Aru was watching. We had $70m last quarter, and if Aru stopped spending, it could have lasted at least 5 quarters. And in that time there could have been a lot of positive news, which would have seen our share price higher before having another capital raise. But all Aru did with this poorly timed 16 cent capital raise was smash the share price further.

I have no doubt that the Nolans project will go ahead. It appears obtaining debt finance is not the issue anymore. The concern now is, and it's less than 6 months away, is that a large chunk of finance will have to come from Aru doing a huge capital raise, to get a total finance package for the Nolans project which is acceptable to bankers, and at what share price.