The shorters should feel pretty safe, given the loss making...

The shorters should feel pretty safe, given the loss making situation.

Back to at least $1.00, if not lower over the coming weeks, based on this report.

We are pretty low on cash if you disregard the additional borrowings.

They reduced exploration to the bare minimum.

$117m in cash, bullion and investments is low relative to borrowings of $207m (was only $47m at 30 June 2018) and payables of $119m (which also increased significantly). Total cash held was about $42m (including restricted cash).

A possible retest of 91 cents in March/April is possible if the USD POG retraces under 1300..

Hopefully Tabakoroni oxide ore will save us somewhat again next quarter.

Expect the usual whitewash from Esh and Jayneen.

The only saving grace is that at some point in time they will access GIC from the sulphide circuit and clear much of the current debt.

Dividends have been paid out of borrowings.

The move to list on LSE is a waste of time and money except to beg for funds there.

I can understand why ICM and Sullivan sold down their holdings.

loki