There is no doubt that Ian has brought about some very positive changes in the short time that he has been the new CEO, and it was a very needed change. The numbers in the Q2 report are encouraging for the most part, with the exception being their cash position, IMO. As Pruneface pointed out on the other board, they have already parted with over half of the debenture money raised in March. While the cash outflow has been slowing, it is very likely that more cash will need to be raised this fall, which also likely means there will be more dilution of the shares. This is my main concern on several fronts:

- the survival of the company itself depends on it getting its cashflow into a sustainable positive position; this is partly controllable by the company (through controlling expenses), but is partly out of the company's control, as it depends on the market price of gold.

- the investment value of the stock/future value will be mostly determined by this cashflow issue and whether there will be more (and more) dilution of shares to raise cash, IMO. It is hard to imagine any significant share price recovery without this issue being resolved in a positive way.

JMHO