Maybe that bloke on Twitter the other day wasn't too far off the mark with the appointment of administrators. I don't want to see that, but it may be that someone needs to come in and rebuild the balance sheet. Far too leveraged.
The mountain of expensive debt means the current balance sheet is not resilient enough to see us through an operational problem like this.
My tip is a capital raise that will dilute us all to s##t. Why else would they need to mid-April? Seems like a very long time.
TGS Price at posting:
4.9¢ Sentiment: Hold Disclosure: Held
