as Wax said - the PP was not needed AT THIS TIME
you announce Magpie spin off which is positive... so now mgmt should be out there selling it and talking up this great asset... get everyone excited and wanting in.... let share price rise and then do PP if needed.
the chm expenditures are not significant at this point and money is ALWAYS available from MF if we get stuck - or sell chm shares.
But NO peter gets panicky and must announce desolation lake - take the eye off the ball - and then the PP.
how about ROF update and Quebec property update before embarking on new projects.
peter is a momentum killer.... sorry but time to step aside ... and take debra with you!!!