I see the hedges as stupid and a pain in the butt.
That said, they can only be a terminal problem in the event the company cannot deliver into them -- which I admit is dangerously close to the situation we face here.
As for Bruce Robbo: -- well it is hard to argue the point -- especially after a good bash around the ears --
At this point your right.
After the sale of Davyhurst, NKL , the $8.6mil rights issue, AZM shares etc -- CRS must have had a cash reserve from Jan 06 of around $17 mil.
Sack all existing management who have been there longer than 12 months --and all is not lost -- inspite of the best efforts of the crew.
trading halt update, page-9
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