The market is correct the company has taken far to long to get going and now the boom for iron is over they have limited cash and massive expenditure requirement to achieve the 500mt target and no source of funding.
don't know why the MD is wasting his time getting options at 30c another waste of funds for the agm. I guess he can have a much earned break from swanning around on his south American holiday.
a very sad situation given the $600m offer in 2008 it's now worth -$6m according to the market a loss of an incredible 101% dispute millions spent on the project.
The market is correct the company has taken far to long to get...
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