Audiman IMO the project is viable and doable the reason being L1...

Audiman IMO the project is viable and doable the reason being L1 came to picture 6 months ago after last CR and after the dfs ann out they have increased their stake to 13% so in last 6 months they have invested 13 million and from all account they r buying in market as we speak
L1 is not a very big fund compare to other funds however a very good track record of picking up Takeover target and that they r spending 13 million on this one project is big plus we have 2 of the biggest zinc players on r registry also have representative on the board if the project was not doable nyrstar 30 million and glencore 15 million would have sold out
plus we have 3 australian billioners on r registry which speak that this project is doable
Also all the directors have not sold a single share on the market infact have brought more
My take is this is a major project on the biggest zinc and lead deposit have a look at a ann 6 months back the purchases they have made they mobilized a ship and plane to the deliver the heavy machine was delivered in 18 Hercules (C-130)