This is just outrages. AAX kept saying that all is pretty OK. If you looked into FGE books all seemed very nice too. Which means that all those reports are WORTHLESS. I was lucky with AAX dumping it when it started falls recently. I did not know anything about what;s coming. I just got hit by stop loss at $1.62 so I sold. To my misbelief it kept going down after that.
I think Engineering companies are totally gone now. Good place for shorters though. I think I will park my $ in banks for a few months now. Miles away from mining - can;t trust those managers anymore. List of recent total stuff-ups is long.
My new personal thought from now on: if company keeps running with debt that is any higher than 15% of MC I will stay away. Here it is why : if company management can;t make enough money to have at least small income, then sooner or later hey will keep asking for new CRs !
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