cash or no cash ?

right - here we go

just to clarify - I know nothing more than anybody else ( assuming equal measured research)

the point Dave R raises is valid with regard to trucks but context is required. ( as always )

is there a full shed? is there a lull as there is no ship in port? has the whole place burnt down? have the present contractors gone belly up? it goes on ( and guess what we don't know so nothing new there then)

has CSD got any money ?

well doesn't that depend firstly on what exactly is CSD ( apart from a bit of a pot mess at the moment)

CSD without SPM would be in deep do do - let's face it the wages bill alone would have eaten that CSD bank balance and that's before the directors take there cut

CSD are now SPM in all but final FIRB approval so..

we don't know what debt facility / overdraft they have inherited

we do not know what shipments have left nor when payments are due to be received

nor what payments due in or out have now affected the balance sheet

strangely we know what CSD had left pre 'merger' ( still awaiting FIRB) but still nothing about the arrangements of SPM

either SPM walked into a deal ready to watch CSD collapse or all will be well - if they walked into the deal expecting collapse then why bother - I mean they know all the facts that we do not. So there has to be a contingency or no emergency at all.

And again that $20 million USD loan is based on a shed load of due diligence by the bank - vastly more than most of us put together ( as we have been messing about with half ( or less ) than the full picture

Correct though from Dave ? CSD haven't got the $20 million until the FIRB lady sings but that's a great thing

It's really superb because that AUD seems keen to drop and there is talk of an interest rate hike in the US all of which make that $20mill worth a lot more than $20 mill AUD

For me ( I have said before ) I don't care what they produce so long as they are viable ad I think that's a given with the loan in the offering.

At present I think we are a long way away from the tin project being brought into play and would rather they consolidate production other than tin. That second circuit might be a surprise - hell we don't know what SPM has been spending money on yet. The mill can manage both. There is according to RCO production expected from Mt Garnet at least til the end of the year then there's surveyor and what the devils going on with Baal Gammon - no mention anywhere of who did what with that and I'll wager that is too much of a coincidence

and what are the likes of John Banning up to - he stepped back as a director but remains with the company - doing what exactly? He's no slouch by all accounts so what's in the pipeline ? He's planning something rather than driving a dump truck or not.

falling out and arguing not required people. Opinions are ten a penny and everyone is entitled to one just act on them and don't make them up for personal gain

the end game is in play - it's just taking too long

for those that are worried ( I have small doubts but they are small after all I can't control FIRB can I ?) this was a spec when we invested and as such high risk high return was the name of the game and it still is!

me I'll put it all on black

thank you and goodnight