Who would be so stupid to sell this stock in the 40's? Maybe its the same idiots that sold it to me in the 20's and the 30's and let me take the half yearly divi cheque !!!
Dont get me wrong, I'm elated that its holding under 50c after reading the pre-GFC research reports on their website.
http://www.essaaustralia.com/default.aspx?MenuID=14
In the CEO's presentation released the other day he says:
"Restructuring in response to the GFC has significantly reduced Essa's cost base"
"Positive cash flow from operations of $3.5 million"
"Intention to pay interim and final dividends in FY"
"Reduced operating costs and improved efficiency will support future profitability"
"Profitability for FY2011 should exceed FY2010"
"Essa is the market leader with substantial growth opportunities available"
Keep selling guys, I'll gladly pick them up. But when you want them back put a dollar sign in front of your order.
Pep :)
Who would be so stupid to sell this stock in the 40's? Maybe its...
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