I don't have too many positive thoughts on this situation at the moment. There is no doubting the resource, we all know this much. I am hoping we can protect the assest until such time as an improvement in IO economics arises. I certainly didn't envisage this IO price slump would be ongoing and at such low levels. I actually expected a SP recovery once Liberia had been declared Ebola free but we continued to slide down near zero.
My sizeable shareholding is worth nothing now (my fault for not enforcing my stops) so I'm not holding any hopes for a miraculous recovery. Maybe a takeover at dirt cheap prices is on the cards. Obviously capital is required this year and will be raised at $0.001 /2 on current prices which means we'll be diluted with another few hundred million shares. Maybe a partner, I'm not sure.
