We had an investor lined up for 10 million usd investment for...

We had an investor lined up for 10 million usd investment for 10% of the company pending permits (with an option to take more on similar terms). He was apparently playing hard ball when the permits came through, wanted more of the company, and eventually pulled out. There is some speculation that perhaps his people were playing games with the share price but thats another story.

We went into suspension in order to find another investor and to stop the company completely tanking.

Came back with new investors at massive dilution and a very cheap price.

Aside from the dilution, the company fundamentals havent changed since late last year.
Manganese price seems to continue to creep up, and we are slowly taking steps to get approval to ship unprocessed ore directly to clients (which is a big step in maintaining cashflow as we ship and buy smelters for the operation).

Thats the basics really.