current position.........., page-45

Gm,,,thats what they said last time,,and the had to recapitalise as things dont always go to plan,,,,production,,gold price,,ore bodies , Fx etc, lets be honest,,if a company missess it production and has to lower guidance twice because it didnt make its target in twelve months,,i dont think they really have any idea where they will be in 2016...thats the risk of equity, and the balance sheet is not going to be as good.

the arguement of "conservative balance sheet, low debt ,,low cost high producer " is dented, I suppose next will be a dual listing,,raising of equity to cover the new debt and hope they develope the equity with no problems in gold price, ore bodies, FX, cost over runs, production,,usual story of a mining share