BigHeap,
Unfortunately, all of your positive feelings about the company will come to nought, unless one single thing happens: they issue the $15m convertible notes.
They had $377,000 of cash left on New Year's Eve. They spent $10m in a single quarter before that.
As I understand it, when a company issues convertible notes, it has an obligation to post an ASX notice about it. I haven't seen one.
Maybe they've managed to get the cash, but just haven't bothered to inform the market. I don't know. Either way, they are a bunch of serious over-promisers.
Old Sheik Mark, in his Dubai desert mansion, won't be too welcome back in Charters Towers if he stuffs this one up!
ground hog day continues, page-15
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