Will be interesting to see what traders do , if they rush in on...

Will be interesting to see what traders do , if they rush in on the headline

yes NPAT up , looks good as a % y on Y

But IMO its a pretty poor result

Revenue down, not by much
Costs up
Gross profit acutally down

If you strip out the reclassification of the debt of 43.3M the profit for the year would actually be down.

More capital will obviously be needed to reorganise faster given the unfortunate result of the licence extension situation.

Inventories building

Cashflow from operations down

Lets see what happens but if you strip out the reclassification its trading on a very high multiple still.

Maybe they take advantage of the high price and just raise the capital needed to reorganise operations away from Malaysian geopolitical operational risk, if not Id suspect it ill fall back to test 180 over time given that WES non binding offer has been confirmed as over

Good luck

positive cash is up