Well said, Mitz. Additionally the fact is they'd have to...

Well said, Mitz. Additionally the fact is they'd have to consolidate so that the price can fall further in real terms. Who'd be willing to pay 0.1c for new stock otherwise?

On the face of it one might expect everyone to want to bail out upon resumption of trading (assuming there'd be buyers of course) but perhaps not. From the new lower base there might be scope for a moderate rise over time if the management team can get profitable production started somehow. Anyway, the creditors must have believed there was a half decent chance or else we wouldn't even be taking about it now.

I'd really like to know how it all went so wrong a year ago, after management had supposedly reconditioned the plant, recommissioned it, and again supposedly, had a stockpile of high grade ore from the Toricellas mine to process. On the basis of what shareholders were being told last year we had every reason to believe our investment decision was reasonably sound. In fact the spruikers at Next Small Cap, who pose as small company analysts, as well as some independent research mob, were saying the same things, so we shouldn't really feel so inept

At least they've got a processing plant and that would cost a few bob to replace new ($30-50M?), even though it's quite small. Let's just hope they can finally manage to put it to good use before long.