I still have a pulse, and MWR has still maintained its pulse. Someone wanted a few shares yesterday, so I expect that they think the quarterly will be good (although it was only 100k shares).
I was actually a little surprised by the last little run which was on no news... but probably just on an increase in confidence in the market generally.
I'm *hoping* the quarterly will be good. I would expect some cash to have gone out to reflect the settlement of the WA litigation. I wonder when the directors will start to repay themselves some of the loan they provided.
I think we will see consistent stable positive cash flows from the March 2010 quarter as by then they will have built the business up to an appropriate sustainable level.
I'm very confident that we will see a much stronger share price over the next 12 months.
Regards
Marv
DISC: I hold.
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