Suppose that's one way to look at it, or divide by 6.3B & it's worth about 0.7c/share (or 4.8c SP if more dusters).
The incremental 2.5% is an anticlimax after 18months IMHO.
Re Erin's 20%, it's ours.....I was there and know what was said.
No bluster, off the cuff, not misinterpreted or misheard or whatever other bollock excuses you might want to invent, fact!
Then again, maybe it was an isolated example taken out of context and can be forgiven given an otherwise exemplary track record in shareholder communications and a history of delivering on commitments.
Come on PE, $1M and only 12 months - maybe this was misquoted too and we shouldn't be too harsh given we're all making good money here?
*FAR Price Target Cut 40% to A$0.06/Share by Morgan Stanley, page-120
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