i read the announcement and surely expected this .. although I dont see why the gave bondholders 5m shared a waste really... the 1H2017 will be just a pip positive .. first profitable report in years .. around 24mil EBIT ..
maybe 2/5mil EAIT .
largely due to dec quarter being profitable.. now w IO at 90 ..better margins of 20 /tonne
it was a waste to issue 5m shares since in june quarter most will call on options exercised at 7.5cents ... what will they do with that cash its too much for debt payment..
doubt share buy back they are too dumb ... debt free in may... sp 10cent 1may .... phew what a lucky comeback
doubt they will change their ore transportation ... by truck ...someone should send a pic of RAIL to management
AGO Price at posting:
5.1¢ Sentiment: Buy Disclosure: Held
