IPO floating Neuva Esperanza as a seperate company, page-9

I agree Pat, the services they are likely to provide in the short term are in the cap raising department rather than the floating of what in reality is a dubious asset in terms of risk/reward, the capital requirements of NE make it at best a borderline prospect (I think it is a dog).
I am a little more concerned than you about the necessity for a cap raise, we have increased outflows in terms of staffing ramp up, new equipment financing, etc. but we are yet to see much in the way of increased inflows from either Plant 1 starting operations or higher grade ore being processed.
I know the above are "coming" but they have been for quite some time now, hopefully the March quarter report will alleviate some of my concerns when they finally deem it convenient to issue same.