Wow another $11m CR, give half of that to ECS (Nan) and sit back and watch.
ECS turnover is already higher than Can with a tenth of the capital. Can has burnt close to $200m, little to show for it, half year losses were over $18.8m. Another $11m CR simply defers the inevitable?
The Can Group, has had a rotation of CEO’s, COO’s, directors and management, the flawed, “we are going to be the biggest” is to blame?
Maybe call CUB or Mrs Rinehart, selling must be the only option now.
As an investor, I would just wait, a nice tomato greenhouse for pennies in the dollar is coming soon. This is bad for the industry.
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Wow another $11m CR, give half of that to ECS (Nan) and sit back...
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