Debt levels are no problem since sale of Surtron and on current cashflows. They already said that if they get SGE listing away (I guess looking a little more doubtful) they will take in another $20m approx in equity and debt repayment, so will basically wipe out all debt. This is not one to worry about in that regard.
I think it got a little ahead of itself in terms of pricing though. I reckon excellent value if it gets as low as $1.60.... should report NPAT of around $21.5m, so looks so would be fully diluted P/E about 14.3 at that point.
how low and who is driving it, page-7
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