nk, you got it right on CR. They have spent money like it's going out of style - 200 people incl contractors even though no revenue - been exploring other assets before Ballarat producing Now too risky to keep spending given orebody uncertainty. Ouch.
Can management recover respect after such incompetence?? Should have had immediate TH on 7 November before vicious spiral started.
Comfort here - hard assets and little debt means well below NTA - still a lot of upside
CGT Price at posting:
10.0¢ Sentiment: None Disclosure: Held
