I had the impression that the Company was endeavouring to obtain capital through the financial market rather than the share market in order to preserve shareholder value. It would appear that the finance has not been forthcoming, to date. If a capital raising has to be made through the share market then our current shares will, as blao has indicated, take yet more of a beating. Given the continued lack of transparency from this Company I would have doubts as to whether a capital raising would succeed. If a company wants one's money then it follows that one has to have trust that the money will produce tangible results. The history of this Company indicates that what it claims it will do is not necessarily going to happen as forecast. Trust is a fragile commodity. This Company promised much, built a facility that produces nothing, has a proven orebody that produces nothing and achieved ? I guess we all have our fingers crossed that the dream will be realized 'cos our shares will otherwise be next to worthless.
HAZ Price at posting:
6.1¢ Sentiment: Hold Disclosure: Held