If its aT20 exiting, that would be poor timing. They could have done it when the SP was much better...or maybe they have identified a great opportunity to park their money? As far as I am concerned, operations still ok but still working towards nameplate. Availability of ships still a challenge to be overcome. But one would have expected management to have thought of this right at the beginning? Could it be a case of rushing ahead wihtout properly thinking about potential challenges, only time will tell. Biggest worry is cash burn, which cash was meant for second stage expansion...this means that they may be forced to do a CR due to high cash burn, or a delay into stage 2 expansion due to cashflow challenges. Return to profitability will bring back confidence IMO, but I expect this towards end of the year.
E25 Price at posting:
80.5¢ Sentiment: Hold Disclosure: Held
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