sloppy reporting, page-28

Facts? Lets do a fact duel!(i bag this term, if anyone ever says fact duel, i invented it)

Fact 1: PT has being promising alot, but the project has met delay upon delay.

Fact 2: PT signed contracts he couldn't fulfill on time, than he goes ahead and sign more contracts he still cannot fulfill in a timely manner.

Fact 3: The company has no more bank credit facility, you can see it in the quarterly report.

Fact 4: The shougang contract has not being signed.

Fact 5: The company is still losing money, evident from the recent fund-raising from the 28.6mil shares sold at discount of 17.5cents.

Implicit From Fact 3 and 5: The Company has no more money left, and it cannot handle the losses from the iron ore mine.

Fact 6: Your figures are only on paper potential, but nothing realistic.


Side note: I will buy back into ady once PT is removed or it falls below 14cents.

Lets see your realistic fact rebuttals please.