Yes they rolled the dice and much was to do with upside bonuses for management.
Now just another highly leverage company with diminishing balance sheet that is going to be forced to sell assets.
Some say the current share price is a bargain ......some say it is fairly priced.......I say take a look at other commodity companies that have been in this situation(there are many) and I think you will find the company looks very risky.
Like I say I am happy to hold but very happy I only own a few as this could get a lot worse
- Forums
- ASX - By Stock
- Ann: Strategic Review
Yes they rolled the dice and much was to do with upside bonuses...
-
- There are more pages in this discussion • 19 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add TAP (ASX) to my watchlist
Currently unlisted public company.
The Watchlist
SER
STRATEGIC ENERGY RESOURCES LIMITED
David DeTata, Managing Director
David DeTata
Managing Director
SPONSORED BY The Market Online