The Short and Cover kings and queens of the ASX.
What a dog's breakfast of trading this has become.
And how much debt do they have, is it anywhere over $200 million - not sure, the old memory is not what it used to be and at this time of night I can't be bothered looking back on the documents, but I know it's something like that.
$4 to 80c says something, and even then, it's still way over-valued.
In my opinion, this is a 5 cent stock, but the Shorters love it, they have been having a birthday.
The one thing you would want to do before investing in this stock, and banking on a rebound, is look at the quality of the management, if it's ok, then go for it, otherwise, just sit back and watch the whole world and it's sister Short and Cover, Short and Cover, ad infinitum - it's a joke.
Gw
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