Vader,
You make some good points. I've thought long and hard about the replacement cycle for trays,etc but it seems that major miners continue to screw their suppliers regardless of higher production forecasts. Even if orders for trays pick up, ANG will likely be forced to take a haircut on product prices, resulting in no net benefit to earnings.
Debt levels remain far, far too high imo. Relying on banks to keep the company alive is too risky. Until the balance sheet is sorted, I don't see ANG as being investment grade.
Ann: Operational Update, page-15
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58.0¢ |
Change
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Mkt cap ! $340.2M | |||
| Open | High | Low | Value | Volume |
| 58.0¢ | 58.3¢ | 57.5¢ | $740.2K | 1.277M |
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| No. | Vol. | Price($) |
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| Price($) | Vol. | No. |
|---|---|---|
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