Ann: Board Changes, page-4

so as a recap:

1) huge consolidation - serious dilution
2) followed by share placements - further dilution
3) con notes that can be converted to shares at "low" prices notwithstanding that the SP may be substantially higher at a later time;
4) con notes being paid interest
5) previous issues with Mexican partners;
6) change in direction in not firing up the mine for short term cashflow to avoid share placements - reasons not really stacking up for me or reasons void of substance IMO
7) now further change in board
8) anyone know whether water in the mine may be hampering this or is it just not economic given the results to date? wouldn't think is was uneconomic if they initially floated option to fire up the mine to commence production with minimal cost to having equipment reconfigured whilst offtakes were being progressed. really interesting situation IMO.

fair bit of movement happening here! - no wonder SP where its at - IMO my confidence quite shaken at what was proposed and what has occurred - but IMO only