massive last trade, page-2

1. it was not a "massive trade"
2. it was a sell into the 2 cents meaning somebody wanting out
3. Over the past week or so it appears somebody or somebodies are now getting more eager to exit as there is a couple of hundred million now for sale at .03 where it was previously .04 the sell side wall was situated.
4. This announcement is garbage.. they are only now just shutting down production? The cap raising to do this was in August with initial planned shutdown around that time. Like usual we are months behind schedule and I would put money that so far this December quarter they have produced diddly squat to cover their costs. I would expect something similar to what the September quarterly stated as far as production and costs are concerned (refer to Janti's good posts in regards to that) which means another massive cash deficit they will have to plug.

Everything is riding on this crusher producing massive ounces straight away or they will have their hands out begging once again. If it does deliver the goods then at current prices they will have a very marginally profitable mine and the SP will recover somewhat if not they are screwed.