Again, most of could see, with Ian in charge, a plan to get this company back to profitability.
The write down should not and i don't think is the problem here. That is expected with the price of gold where it is today. Many other companies have had to do the same, from the big boys and on down.
The problem here is the financing. Why? This has not been communicated effectively, at all.
Leave it to the bean counter, which they have, and see what he can do.
Another slap in the face to an investor in this company. I was lucky enough to reduce my holdings last week, but I still have skin in the game, so I am sticking around.
Not liking it though.
Andy