I'm not disagreeing with prior posts, but lets take a deep breath for a minute ... as at 27 Feb 14 update they disclosed Cash on BS of $9.2m, Rev of $67.3m, and EBITDA of $3m. The 1H14 report lodged last night 100% agreed with the prior announcement. Obviously from the 27 Feb 14 there going to be some cash burn this half and the result was going to be sh#t. So in terms of new news regarding the financials, I don't think we got any with the 1H result. That is this news is already baked into the share price.
I do totally agree, that we need an update re Kazak.
Looking forward, questions is how quickly can they convert in the O&G space to offset the rapid deterioration in Minerals. The WDS result shows us the way .... can LCM match them going forward?
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