maximus selling gold at au$1900 an ounce, page-43

I follow his posts because generally watso makes a lot of sense. This time though watso doesn't seem to have read Opaline's post with enough care. Opaline used the qualifier "successful enough" in describing the rights issue. The question for Opaline is; has the issue been successful enough to get Sellheim moving into profit? Watso himself says the operation may be more suitable for a syndicate and it is a project that does not require a large capex.

Sellheim is a project that can provide MXR with cash flow at a time when cash is damn hard to come by. Have another look at the rights issue and see just how tough it is to raise funds in the market right now. A small quick project may just what the Dr Kev has ordered for MXR.

The 3rd person doesn't work as well for Opaline as it does for watso.

Cheers