Yes , I have to agree with Pigmaleon......the Truth is the casualty in the article posted on there web site on 29/7/05. They have had Two capital raisings since listing....with out these they would have been technically insolvent...It should be remembered that the have approximatley an annual $ expenditure bill for the Fortnun leases aloan of $800,000 + $100,000 in rents. If you add up all their other lease costs you will see what I mean. Office administration of $600,0000
/ annum and I would envisage another capital raising.
Question, do Geos make good Managing Directors?
truth.....being stretched, page-2
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