warning was given, page-2

One of the lessons I've learnt over the years is never invest where the difference between success and failure is marginal. This is plain common sense when you think about it, but you kind of expect that people working in the industry know even more than you and aren't proceeding with projects for which success is not a probable expectation.

Then you discover the industry is rife with opportunistic liars that have no intention other than to fleece investors.

Back when AIM was 30 cents and they were raising serious cash they put forward a very rose colored picture of the reserves potential. Recent figures put it back to a marginal proposition which would be stupid to move ahead with. Todays annoucement was already a forgone conclusion after that.

You can't blame the inter-month swings of Zinc for the situation, the mine was going to take years to get up and running, and then produce. They always had to factor for that.