Ann: Appendix 4E & Full Year Statutory Accounts, page-46

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    I agree a lot of nano cap stocks make losses that’s why they are nano caps. Having said that they are expected to make profits at some stage. SPX has been making loses for over 10 years now and has burnt $137m. That is totally inexcusable. The fact that after all the acquisitions, all the development costs, all the employee bonuses they are generating a piddly $3m per annum is frankly obscene. If you choose to ignore these facts and base your investing on a couple of certifiable nutters who compare this company to BHP, that’s your choice.
 
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