new griffin report, page-57

gifter, re your
"No profit till 2013???? That works out at another 2 or possibly 3 cap. raisings!!! Ghee i did not count on that!!!"

No profit doesn't necessarily mean 0 turnover and a massive loss. I haven't yet seen a large scale business showing a profit within a year of turning on the power switch. No profit can also mean investing revenue for future income generation which of course has a beneficial effect on the value of the company. There could be tax reasons as well.

It would be interesting though to have a look at the official financial budget forecast - but I assume we're not privy to this information.

From my point of view, future earning prospects are much more important than short term profits. I think UNS is well positioned for that.
leo
btw: my sentiment ST Buy is not completely correct ..I would if I could ... but I'm semi happily locked in a hold position, being very positive that the sp will change the recent trend very soon.