I hear you Cujo- its for all the reasons you state that I sold out all my holdings when the price got to around 60 cents after the capital raising announcement. I would rather sit on the sidelines and get back in when I have more certainty about how the money raised is to be spent and when the company releases its outlook statement for FY 2010. For FY 2010, I would like to see earnings being driven by organic growth from contracts won on these major projects that are taking place, rather than through acquisitions.
NMS Price at posting:
54.0¢ Sentiment: Hold Disclosure: Not Held