Ann: Mbila Bankable Feasibility Study Interim Up, page-39

re: Ann: Mbila Bankable Feasibility Study In... anyone that can take positives away from this is dilusional, this is a failure of massive proportions. The acquisition of Mbila is going to sink this company

firstly, how was this not picked up in the initial due diligence on the project? if it wasnt then their should have been a provision in the agreement to renegotiate the acqusition if the badger study failed to stack up

and who gives a vendor a put option that forces the company to buy an additional 23%, wholly crap, talk about over committing.

This had been known for some time. They obviously knew there were issues and blatantly tried to sugar coat it on 2 October. Meanwhile the stock dropped from 15c to 8c now 4c.

No wonder they put the provision in the financing agreement regarding converison at 5c, they all knew it was coming

disgraceful