Ann: 2017 Full Year Statutory Accounts and Appendix 4E, page-41

Spec
The issue here is simply too much debt and a loss making operation . It’s not only the regular debt but also the payables vs receivables that is an issue even if they could somehow make a decent margin from operations they will still be paying back what is owing for a very long time. The issue here is that a CR is the only solution and to make a dent if has to be huge, the market know me this and thus people start selling and thus fear of dilution becomes worse . The figures are terrible and the mine has been problematic for years and unlikely to change