kpng, is your understanding of 100% debt finance based upon your...

kpng, is your understanding of 100% debt finance based upon your own discussions with the company? What is your basis for this understanding?

Touquoy, I think promotion is certainly deficient, but in reality market sentiment generally toward gold stocks and uncertainty re funding are all equal contributors to ATV being so cheap. I do not know any of the facts to comment on Wally's management re investor promotion so will have to take your word for it..

At the end of the day, when there are no roadblocks in the way of grossing 80million pa or a project NPV of 240million, we will be fine. Its the dilution in the meantime, or worse still, inability to purchase CH due to insufficient funds that is worrying.