Thankfully i exited this stock about a month ago . booked a caning on this one. Their quarterly cash flow which released about 2 weeks ago shows admin costs running at about $3.7m for 6 months. At 31/12/2011 they had $11.7m in bank. all options coming up for exercise are out of the money . i reckon cap raising by end of year. Management always miss targets .I reckon this one isn't investment grade. Hopefully for holders i am wrong
