Ann: Appendix 4E - Financial Report-RDG.AX, page-89

Good pointa but hard to understans if they have shed excess fat and can still run a similar revenue profile off the reduced staff. For example with the dip in nickel we have reduced from 400-450 staff to close to 250-280 in the same business. There are.more once off contractors at times, yes, but there is more definitely being stretched out of existing staff.

If one could find out if the work schedule remains at a similar activity level tp 2h 2016 then it would be easier to infer that they are able to run off the reduced staffing costs. Until then your situation is unfortunately possible.

I think with the 2 c a share cash backing, which would be higher in the 2 months of trading since, it is still in play. Albeit you wont be seeing as good of a derisked scenario than if you'd gotten in at 1c.