what has changed?, page-5

Bernard - I agree with all those macro factors.
Unfortunately, at a Company level we still don't know if management can deliver on their $2/lb cash costs promise; that there will not be a further resource downgrade in the next year; how the coal power station, plant expansion to 50k tpa, or the repayment of debt are all to be funded; and whether there will be a cap raising.

If we didn't have all those uncertainties the vultures wouldn't be circling at (wild guess of 25-50c per share).

Al least there may be both Cupric and Cathay interested, maybe another party still hiding in the shadows. It'd be nice to see cash costs at 31 August down to 2.50-2.70 but I'm not holding my breath.