SydneyI admire your positive commentary, but the facts are...

Sydney

I admire your positive commentary, but the facts are financially very simple.
I have been watching this mob for the past 3 years. Not in it anymore and haven't been for some time, was there in the 30c plus days too. Took my losses way back. I can only imagine how I would feel if I hung on.
Whilst you might not like what Stockholm says, the financial destruction is evident.
It's clear for all to see.

They are trying no doubt, but simple maths tells you that you cant spend like drunken sailors without the overall supporting revenue without consequences. Yes, they are trying to curb costs, but it is evident they will continue to have cap raises, which cannot go on forever.

There is no down ramping it's simply that the SP is reflective of any value FIJ may have left. The financial calamity is also reflective of the SP. This is the reality and as an investor one has to face facts whilst supporting any potential future outcomes. Noble since arriving has driven the SP form around 8c to now almost zero. Not a good look on one's resume I would think. So there it is.
I will be the first to congratulate shareholders if this basket case gets above 2c, they certainly deserve it.

Good luck in any event