So the market saying it's gone , I mean anyone who was going to bail has done it . Or you can take a tenth of a cent today . But where are the backers - why aren't they scooping up those shares on offer at 2 tenth of a cent . Answer ; the inherent risk is way too high.
And for the private retail punters they are almost sucked dry financially , by all the other speculative disasters around the place .The WA speculative mining company directors will have to rely on there piggy banks from now on . Dean was on a $1000 a day so while that lasts he'll be on the job .
So we got some pretty spectacular drilling results , but as others have pointed out it's worth stuff all in the ground . Perhaps the leases could be sold on, and the directors could use the proceeds as salaries while they pursue other company assets .
And what is the status of the $5 million credit facility - how credible is that now anyway now
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