Your right IMO - this time its not going to be good news. People...

Your right IMO - this time its not going to be good news.

People (Management of junior companies) are generally happy to talk on the phone (less so to answer emails) when questioned directly in my view. Always worth a call if its worrying you.

My bet is even if they could convince people to back them again and it was 'business as usual' it would not come back on prior to End of FY as it would be tax-loss-selling city. A neutral to rising market might see a substantially different capital structure and probably management after July 1 come back on or its administrators by the end of July. I say this as without a major refinance, directors have to sign the 'going concern' part of the Qtrly and 9 out of 10 companies go under right when Qtrly puts the acid on them and its signature time....

All this when the fundamentals for tungsten continue to look good for short, medium and long term.