I agree Pro
IMO they will be in administration before the year is out. Look for board resignations as the first signs of this being on the cards.
Who is going to give them any further funds? Just look at how they have managed to spend $200m of our money over the last 5 years with not 1c coming in as revenue. They will not be able to fund the next capital injection into their European fantasy and consequently dilute.
I sold all of my stock yesterday.
Plus I would also read pg 18 of the half yearly under " Going Concern" and
pg 29 " Contingent Liabilities" which hasn't been mentioned for 2 years- What is the downside of this litigation?
GLTAH
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I agree ProIMO they will be in administration before the year is...
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