Smells a bit stinky mc117,As of the half yearly report AAX...

Smells a bit stinky mc117,

As of the half yearly report AAX reported that they had 'only' $16.8m in net debt with a gearing ratio of 5.8%. They also reported that they had $45.9m cash on hand (offsetting the total debt to arrive at the net debt figure).

Their commentary at the time was that their balance sheet was strong.

Now, what has changed so materially in the 90 days since this presentation was released (release date 21/8/13) that AAX needs to go into a suspension to review equity and debt options?

Doesn't bode well I'm afraid.

Cheers
John