if m&g stop selling, page-12

There's the issue of M&G selling the shares below fair value and CDU finding itself having to raise lots of money from a low share price.

A BFS would have helped but management has chosen to just say 'trust us'. I don't have any problems with that strategy, but if you're going to rely on your credibility then broken promises regarding crusher dates, etc - without explaining what happened - isn't going to build confidence.

So for now, I think many investors share Garndo's sentiments - we'll invest our cash, but only if there are independent, exhaustive studies done on mining costs, start up costs, revenues, etc, to a standard that banks will lend you money on. Otherwise it's just too risky.