where are those tranche 2 funds, page-4

DB...my main concern is that those who had committed to Tranche2 funds may reneg MAINLY because of the abandonment of the test drill at Merredin. This wasn't announced by Management until AFTER the Tranche 1 funds had been secured and they may have a legit reason to get out of the deal especially since the market has not taken too kindly to what management has "served up" recently including, IMO,"blue-skying"...a 26% drop in SP is not encouraging and there are also other factors contributing including investors consolidating TAX LOSSES if they feel they have a window of opportunity to do so without being considered to be "wash-selling". On top of everything, the market is generally "jittery"...It's a "perfect storm".....so says my trusted financial advisor :O)....L Chas A. Chimp[financial advisor]