Ann: Updated PFS Confirms Strong Economics of Sorby Hills, page-32

I guess we are beating our heads against a rock wondering what could possibly be keeping this beauty at 0.5c...

Above poster is likely alluding to a possible reason and that a need to raise at these levels would be highly negative due to the amount of shares needing to be created to get any kind of decent amount in a raise.

Not what will be (importantly) but what may be.

To me, this is a lot like the Silver dilemma Whereby Silver is sooo cheap that the cost of storing it makes it prohibitive to invest in.. ie: at 16 per ounce (75 x less than gold!) it becomes big and clunky to store / hold / protect.. so this becomes the major disincentive to invest.. if it were to be a sensible price like $200 it would seem far cheaper (20x less than gold!) and storage would be more affordable.

So you see, being too cheap can be just as bothersome as too expensive.. potentially the situation PMY is in now -- at 5c maybe this would be racing but because its soo cheap the dilution threat at the next raise may keep bean counters away.

Bank debenture funding or through china are two options that could hoodwink joe public.. gosh id love to think Simon Noon can really 10 bag us from here (or more!)

I'm disillusioned by the ASX and have had a horrid time of it.. only blessing for me is i kept all my gold i was accummulating before i got into the stock market (foolishly in hindsight as gold has DOUBLED in AUD since 2007!)

I'm not buying shares for the time being, until it looks a little less of a rort!