This has nothing to do with current material values at present,...

This has nothing to do with current material values at present, it's a reflection of how information has been slower than watching grass grow on the moon.
I can't see how they can have a cr and be fully subscribed, given the last cr was 2.2c to institutions and current sp at 1c, (56% loss) and at what price (IMO maybe at 0.004/5 or even less given continuation of slide) not long back, and now with less asset follow recent selling in wa.
IMO The only chance this has is exceptionally good results or this will fall well below shell value. If the sp does get as low as 0.004/5c and MC of
just 3.5m which probably equates to cheap price for the tennaments
I wonder.......