Looking through the results, it's lost far more money that it's made over the course of the last 7yrs, and has had negative cash flows in 5 out of 7yrs, with the max ROE in that period of 12%, but consistently in the negative double digits.
It might have little debt, but when it's consistently finding new ways of losing money, they would be better off winding up the company and returning the cash to shareholders.
Anyway, I'm out, after holding since 2008, and supporting two capital raisings. Avg buy price was 16c. Sometimes you have to tidy up your portfolio. Knowing my luck it's going to go for a uprward run now :b
Good luck to all the faithful.
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