Very mature. I thought this was a forum for discussion. Not to...

Very mature. I thought this was a forum for discussion. Not to worry, for your sake, i hope im wrong. Nothing personal mate, just had a gut full of this BS and the damage it does to the retail punter and the industry as a whole. This is an example of what is wrong with mining, making numbers up and burning serious amounts of cash all at someone else’s expense….and getting paid to do it. It should be criminal because they know (deep down) it’s a crock and if they don’t, they are simply incompetent.

Don’t shoot the messenger, a CR this quarter is guaranteed, the debt covenant demands it. It’s not a theory, it’s a fact. There will be no alternative lenders lining up so an equity raise is an absolute to derisk the bank. The worst thing is that there are no Au resources good anough or close enough to interest any other players in the region in the short/medium term to take them over.

Take your medicine if you have skin in this, it’s going to taste horrible before EOFY otherwise.