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I'm guessing the board were banking on the advice from RBA last...

  1. toby9562
    276 Posts.
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    16/05/23
    12:55
    Post #: 67798302
    I'm guessing the board were banking on the advice from RBA last year that interest rates would hold until 2024. This would have given them time to reduce debt before the rises. Interest rates have risen earlier than expected and they are scrambling to find cost savings. A number of board members have resigned in order to save $$$. Will be interesting to see if they have found enough savings to maintain cash flow and profit. If not then no chance of recovering my investment...
    Last edited by toby9562: 16/05/23
    VN8 Price at posting: 2.5¢ Sentiment: Hold Disclosure: Held
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    lightbulb Created with Sketch.  Great analysis
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