internal population growth is a factor, but there are a lot more influential positive factors for eg Japans neighbours China getting wealthier with their currency expected and being forced to appreciate. Long term they will be looking for opportunities elsewhere, like in a sector that is close to rock bottom and being just starting to be targeting by the majors and most puntdits think we're now on the way up. Market Cap of ~11m with NTA of 80m (or ~180m if bonds aren't converted), lots of upside and downside you'd have to say now is limited, they don't need to refinance until 2014
GJT Price at posting:
$1.45 Sentiment: LT Buy Disclosure: Held
