pretty solid report i thought at first glance.
profitable at current prices. debt to be paid down and suggests in report no further drawdown on debt required.
the fact they are profitable at current prices is significant
very little chance of any sustained rally due to energy complex headwinds but for long term holders well down on their investment I don't think there appears to be any reason to sell (ie I don't see any risk of business folding). risks all to the upside. patience well and truly required. Share price should return to $1.xx within 6-18mth imo
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- Ann: December 2015 Quarterly Report
Ann: December 2015 Quarterly Report, page-3
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