..28 Jan 2009 16:15
It's normally the last role of the dice for a stock to do this, i.e. they have looked at selling the mine which we all know about, then they must have looked at new finance, but no go, as the current Sp is lower than the PAR value of the stock (10p).
By lowering the PAR value will help them raise finance, but dont hold much hope for them in the current state..
Saying this, you never know.. They might bounce back..