buy or sell, page-13

I posted here "the half year loss would be more than $500 million" 2 month ago.

For me, $800 million loss is much better than my recent prediction( more than 1 billion, I reckon all the intengiable asset will write off).

Now, $341 million loss is intangiable loss, which we can even ignore, so the real loss is still around $500 million.

3 days ago I calculated the NTA is 40c/ share, I am pleased to see the announcement verified my point.

Now the market capital is around $ 52 million only, which is even less than its top ryde project( at least $70 million total return), with $241 million cash on hand, but the MC is $ 52 million, really very funny.

based on the announcement, MC should move up to more than $100 million, 7c/share, , otherwise I cannot understand why Commonwealth bank shows its support.