Well, yet another indication that the company is in the process...

Well, yet another indication that the company is in the process of cleaning up what appears to be a massive mess from the previous regime. Very interesting that there was no massive sell off (however the market would have more or less discounted these results as never likely to turn up in the first place so the lack of response is somewhat expected).

I guess the troubling thing is the question whether there is any likelihood that Bill Cash knew about these results and scrambled the VTEM in order to rectify the situation.

All in all I think that this is the second lot of bad news to come through (NPV of the project and the resource extension) in less than a week. How much more do we have to come.