GJ; There must be some focus on "background noise" or...

GJ;
There must be some focus on "background noise" or reconciliation as RED raised money from an ASX SPP offer at 10c per share and now shareholders are currently are sitting on a loss of about 40%; see ASX SPP 17/9/2013 page 11 & 15

Budget $4M see Pg 15
"The company has identified a site for a new tailings dam facility and has commenced the process for land acquisition and permitting". Why would the word commenced be used in the 2013 SPP when the latest June Q 2015 announcement states the company has narrowed sites from six to two??? That does not look like commenced land acquisition to me!!!

Budget $2.4M
"De-watering & other sustaining capital"; as noted in previous posts & by RED ASX announcement this year; significant material movement occurred in the open pit by slippage mechanism; high water levels were also apparent in the open pit during & post the C & M period as depicted in several images likely leading to the pit walls becoming saturated (my opinion only); Why would a budget be proposed for de-watering and then images show the pit floor seemingly became flooded inclusive of the dry season (see image ASX 8/10/2014 Pg 3 for instance & image below).

Ref Digitalglobe 27-01-2015 Siana mine via satellite imagery