IMO..several issues1.CGU went in under capitalised,and not...

IMO..several issues

1.CGU went in under capitalised,and not perpared for
any contingencies accounting for any long term production delays etc.CGU do not have any practical mining expertise

2.The concept of employing a full time geologist at around
$200,000 pa in a minority interest scenerio, without
any cashflow ..placed additional pressure on Co. finances

3. The wild card is still,I believe,Duncan Hardie.I can't
believe he is sitting back watching his investment evaporating when he has almost a controlling interest in Co.

4.I am sure Chris has done his best but unfortuneatly
I think he has been "out gunned"


Cheers..