The choice for shareholders is fairly simple: Either sell your...

The choice for shareholders is fairly simple: Either sell your shares for a little over 10% of what they are really worth (the figures do stack up, it is not just the current production that provides the value, when the notes have gone there will be a broker report that lays it all out) or make your voice heard. Do not expect instant results, they will try to ignore us for as long as possible, you will need to keep banging the e-mails in demanding they respect shareholder rights and Aussie law.

If you want to keep your head below the parapet then you will be as culpable as our spineless board and CEO. We had a significant effect last time! If we are persistent and show the courage they lack, we will reap the rewards and bizarrely so will they as they will be able to exercise their options. The biggest winner of all would actually be Jinchuan, as not only would their holding be worth so much more, they would then have a route to mid-cap producer status and Jinchuan would have first refusal on all the off take, but that is what acting in the interests of ALL shareholders means.

I used to always rate these as LT Buy because I could see the massive potential, but until we have a way ahead on the notes they are down to a hold.