I know that one needs be patient, but unfortunately these accounts have disappointed me.
No real change on revenue or incoming cash despite the news around various developments and projects. And worryingly, despite the CR in the half, cash is down to ~$6.2M and they're consuming $3.8m/half, so not too long and we may need another CR.
Frustrating, and no end in sight at this rate, 35% underwater on this one and its not coming back in the foreseeable future and its quite a biggie in my portfolio.
Fundamentals sound good so will need to hang in there some more, would however like some positive SP action for a change.
Lets get going Willem!
Ann: Appendix 4D and Half Year Report, page-2
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