Tymmsy - for investors that’s one of the real issues here - NTA of 27 cents per share and a SP @ 9 cents. That’s one hell of a divergence even in this market.
EOFY also means Annual Report season to follow and if the SP remains around 10 cents then surely the assets have to be written down - again.
Maybe check last year’s Annual Report and see the $10m written down on Project X and the explanation that went with it.
Maybe check the last 5 Annual Reports and see the write downs and the explanations that went with them.
If it’s just a trade then it probably doesn’t matter too much.
GL.
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