I also didn't think the announcement was disastrous. At least...

I also didn't think the announcement was disastrous.  At least they've got some production happening, a partial solution to the tailings issue and are working on getting other things moving.  It certainly sounds as though more cash will have to be raised, but hey, what's new?  We all expected that, didn't we?  I've personally never seen a stock at 0 - 0.1c but in order to raise more cash I figure a consolidation is pretty much a requirement.  Perhaps they could do a 1000:1; it'd be a hoot to see MIZ at $1 - for all of one second before being smashed down.  I guess what we can say is that if they've lost all credibility in the marketplace then they're unlikely to find anyone anywhere either brave enough or gullible enough to toss more cash in the pot and it's effectively 'game over'.  Somehow I don't think it is yet, though.  The next few weeks may tell.