Hi Nav, my thoughts are that Phil appears to be a very, very confident Managing Director.
And why wouldn't he be if 70% can be financed through debt, he didn't seem overly concerned about the other 30% either!
150m market cap currently, it won't be for long it would appear. Some well deserved bonuses could be heading his way at the end of the financial year.
Australian Business News Interview, page-8
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