* The Retail Investor Conference was a waste of time without a significant Tata update
Another thing I'm convinced of is there'll be some sort of new financial arrangement in place well before mid-next-year.
DYE's only been drawing down 400K a month from SpringTree (even though it's allowed up to 600K under the agreement). With 6.3M in the bank at end-June, and a 850K/month burn rate, the money will run out by August next year.
DYE knew this from the start (ie. in May) so they would've been confident they'd be in a position to make alternative financial arrangements well before August 2012.
GSL Price at posting:
29.5¢ Sentiment: Buy Disclosure: Held
