Running out of both. What amazes me about this entire caper is that the goal posts are moving so much that it's very hard to make any sort of decision. It seems that the management somehow land a good project and then promptly spend time stuffing around trying to get 'the mix right'. The only problem is that by the time they get to the stage where they have their ducks in a row the market conditions have changed (either the sp has moved or the zinc price has moved etc) and they then have to spend more time trying to calibrate their finance package in order to get 'the mix right'. We've been playing this game for quite a while now.
Don't get me wrong. I am pleased to see that the development is underway and I am also pleased to see Nth Sound hanging in there. I'd like to believe (like Domum) that we will be all incredibly blown away by the negotiation skills of the management in securing great finance conditions however experience tells me that this will be the less likely outcome.
Having said all this, we all know the risks of playing in this sandpit (if you don't then frankly this is not the stock for you) and so for the long time (long suffering) shareholders there's nothing to be done other than have patience and trust that the strength of the project will get this company across the line in spite of the game of financial musical chairs.
Good luck all.
AIM Price at posting:
0.0¢ Sentiment: Buy Disclosure: Held
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