new contract award from esso melbourne, page-10

GUYS, I dont like the recent repeated soft sp action and volumes in all market conditions over the last few days ..weve been here before and now I dont think 20c is going to prove a support barrier.....the refinancing of the debt is clearly a potential breaker and with the previous cfo gone thee is smell in the mud on the wall,,,, this all is very worrying... i would have bought a lot more at 20c now I am only looking for a price to exit with some face ..but its a long way up from here as i sus is every one else's entry...i would be thinking of writing off my 2010 options if i had any, and am hoping that in the short term they can keep the banking boys from knocking at the door -otherwise this will fall to a predator but we'll get little as shareholders - there has been big LANGe billion dollar eyes and ideas that led to too much expansion too fast in a collapsing gfc and post BP spill environment. The company by its design is stuck with with heavy fixed costs from under-utilised or unutilised equipment - combined with strongly running variable costs that they cant let go - high wages of skilled personnel that are underworked or not at all....this recipe is just a mess that'll cut up the P/l and tear down the balance sheet very quickly - i'm sorry to say all the obvious but from a large investor viewpoint. I AM V CONCERNED