Hi Jrowl and all, Is this a case of Andrew capitulating and...

Hi Jrowl and all,

Is this a case of Andrew capitulating and admitting that Dargues is now dead in the water?

If the company has any intentions of increasing shareholder value by exploiting the Dargues mine then surely they will need to raise money to do this. Given that raising money has a cost such as fees and commissions why not save the shareholders from at least part of these costs by hanging onto any available cash for future needs.

Even if the company purchased its own shares on the market the current holders would see more of a benefit.

Whatever the expected results of this move is; no doubt it will backfire it usually does.

One year on and pressure mounts to clean up the Bendigo liabilities.

“Unity has announced it made a net loss of $52 million last financial year.
That follows a loss of $26 million over the previous 12 months.”

http://www.abc.net.au/news/2014-08-29/unity-mining-still-keen-to-sell-bendigo-site/5704848

Good luck with it; cheers and very best regards: Andy