Hi Kiwi, here's my 2 cents worth and I've been trading less time than you so take with a grain of salt please.
The latest ann states that we are currently seeking to sell our Canadian project. I had a look at the website and it has been removed from the projects list. Would this mean they have a buyer? Idk. I'm not too familiar with this one so maybe someone else can give an estimation of its value. Other than this we will possibly (I think probably...just a hunch) have to look at losing some or even all of another asset/s to keep going. At least we have that option but it is a painful one. I hope if that is the case we lose WA before Spain or Uruguay.
Managements salary halved for the next qtr so that's big of them
As for waking up to administration, going by what we know and my understanding of it, I think we are still able to hang on but need to see some significant improvements within a few months. Perhaps my outlook is just a case of hope springing eternal.
At any rate, have to have patience on this one now. I've come this far so I'll see it through. I look at it that even if it takes a couple of years to multibag on a stock it will still beat the interest I'd earn with the same amount sitting in the bank over the same time. Riskier but reward-ier hopefully.
For example (and not trying to cross promote) have a look at EUC formerly WMN. It sat as a shell at .001 before a 13 to 1 consolidation. The right project saw it eventually run into the high 20's. It took a couple of years but I don't think holders entering at the lower sp around the .015 mark would have regretted the wait. Just mentioning this one for balance to your CMY reference although I admit I'm not familiar with what happened there. WFE is another one that has been limping along for years but looks as though it's finally turning. Win or lose there's examples in each camp.
Anyhoo...all this is what I tell myself and I get by ok.
(20min delay)
