Now I am no expert which is clearly evident by the fact that i...

Now I am no expert which is clearly evident by the fact that i purchased these shares for 17 cents and sold for 16 cents. However

From reading the announcement and re reading it I can only assume that recoverable reserves have fallen from 450,000 tonnes (50000*9) too about 280,000 tonnes (35,000*8.5)

Surely this requires some sort of announcement to the ASX as this is quite a difference from what everyone has been lead to believe. More selling on Monday I imagine as people who work and the like would only find out over the weekend.

Even the gold figure is below the wide estimate given in the April paydirt presentation. 14,700 ounces compared to between 15,000-28,000. All in all the biggest thing with small companies is credibility which unfortunately this company management has none surely.

Also does anyone want to guess whether a company only worth 40 million can raise 330 million, cant buy it cause its costs are not competitive in the long run out till 2009, if one is willing to bet that the copper price will still be this high by BHP or RIO.

My final rant I guess we should have all gotten out when the first word of the statement release was POSITIVE