There is some serious negative sentiment on this post which is...

There is some serious negative sentiment on this post which is probably indicative of the markets perception of the stock and management.

Add in the $3 million placement which is hot money looking to get out and a rights issue that will likely fail then things couldn't get much worse for the share price.

Normally like to hold or buy against the crowd in such situations as will probably overshoot to the downside.

Gold is still over A$1200 per oz so some hope if they can get production up to target levels (which will dramatically reduce average prodn costs and margins).