is it cheap enough?, page-42

think of it this way,

you have $48m worth of script at 11c?

and bought so their funds could get the second mine going?

now find that some of those funds arent for purpose any longer, due to flood damages,repairs etc.

When there was such a large raising, now it only takes a percentage of that group to beleive their investment decision has changed (the grounds/reasons for taking the placement)to have large effect on the sp, if, at the same time, buyers arent prepared to step up.

Mention the word "delay" and buyers lose any urgency.

That, and the forcast production downgrade.

It was hoped, that this quater, we would have seen those missing earnings, flow into higher production, and lower costs.

Still cant get my head around their opex numbers. if quater after quater, they have no profit margin.

Is the market asking the same question?