It's correct implementation Sharman Inquiry recommendations has tightened "going concern" requirements in UK but you're still reading too much into it. Here it could be as simple as a reasonable belief a deal will be done with lenders. There may be nothing for shareholders in such a deal. Why would there be, if the business worth less than the face value debt?
But given bad news flow, absence bad news is kind of good news worth celebrating, I agree.
I think you're totally jumping at shadows re the report about corporate advisers. It's neither good news nor bad news and there was no imputation either way. Your evidence that there's some conspiracy there is laughable. A post reporting a telephone call as relevant anything - good lord!?
What I mean by optimistic is that things - news flow / results / facts - have consistently gone worse than I forecast. I've forecast things go badly and they've gone even worse, this makes me an SGH optimist.
In all the circumstances and vacuum of information the sp could rise or fall 10c or more from here, and it wouldn't matter to anything. What matters is cash flow - and all things driving this - and discussions with lenders.
SGH Price at posting:
27.5¢ Sentiment: Sell Disclosure: Not Held
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