As mentioned in this announcement, the pit wall failure was reported last time and let's face it, everyone has been expecting these results to be the low point (due to water damage).
On the positive side, extension of the cash facility to $70m (but maintaining only the existing $15m draw down) raises a few possibilities, namely, why would a precision board and management team go and ask for $70m funding? I'd say we can expect some further surprises both with new strikes in WA and an aggressive development in NSW.
RRL hasn't failed since the boys from Equigold took over!!
As mentioned in this announcement, the pit wall failure was...
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