SEEMS TIME TO GIVE UP, page-14

Reading between the lines, my take is they have come to the realisation that they have failed to generate sufficient cash flows to fund future expansion organically. To reach a sustainable level of production they need to increase grades. Hence the 3yr plan is in the bin and they are looking to fast track higher grade material including a return UG.

I do see a sense of desperation in their course of action and I feel their current issues and future predicament has been very much understated by the co.