I agree I was expecting a loss in the last 6 months looking at the fundamentals. They surprised with a profit! The queensland floods will add so much work the borrowings are minimal (sorry to the guys who have held this stock so long). So interest costs are zero all money is profit! I believe it has finally turned around, have followed the company 10 years since it had the big smelters and paid capital returns with frnaking credits+++ pity was a bad move in retrospect! The downside is small basically depends on world problems. CEO Jobe seems to be sorting it out and poor old guiness peat has taken a hiding. I am holding as I have for 8 months. Let it all settle down. Not a trading stock this is a 2 year hold. All good things Flemster
CAA Price at posting:
26.0¢ Sentiment: Hold Disclosure: Held
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