Whatever Chille's motivations or reasons, it seems that they have left it pretty late to make this decisions. Based upon what I am reading on this thread, I would be surprised if NG couldn't structure a sensible (and fair) offering similiar to 2008 to raise the funds required.
Management have tried to build a longer term viable gold business, blending production with exploration. I would recommend that Botting ramp up the production aspect of the equation for the time being.
I remain confident that MCO has an under-valued asset (especially with the infrastructure spending over the past 12 months - thanks to Chille) and would recommend existing investors look hard at the long term story - below 10c is a real opportunity.
trading halt, page-16
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