Certainly positive from the point of view that they are addressing all aspects of the business as well as picking up all of the Govt support available during these conditions. Very pleasing aspect of running the US oversupply down and exceeding the finance commitments. I am hoping that they can overcome what appears to be a $1m a month cash burn by taking the measures they are putting in place. That will of course be helped by the increase in local travel once all of the regional and state border restrictions are lifted. Morgans have a fairly lofty target price of 70c on it but in my view that is over optimistic.
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