what a monumental screw upwhat sucked me into this debacle was...

what a monumental screw up

what sucked me into this debacle was the excellent net cash position they supposedly had plus Prominent Hill which is long term quality

now we have a vortex of legal action and refinancing at the worst possible time

ah remember the heady days when the biggest argument on this thread was whether they should do a share buy back or acquire another company under duress

as for the legal action, I don't know but I would certainly say the directors have been less than transparent in the true state of the company's finances

now we cling to the desperate hope of an opportunistic takeover which not so long ago was a worst case scenario

what a bitch of a market!