announcement out grades pathetic, page-11

I'm just starting to look at this stock, but must admit all your posts have turned me some what. Nothing positive.

Is there any fundamentals here or just a case of both projects being low grade propositions and management over selling the story?

Any feedback appreciated, just wanting to know if it is a worth while proposition?

Price seems cheap but unsure if that is the case or over running in the past or just a good buy? That said looks to have low volumes and could slip more?

I will have a closer, but your thoughts would be appreciated.