banking discussions , page-2

Am I simplifying but why wasn't the high AUD to USD mentioned as an issue 2007/2008?

Was it because Neptune was turning a profit back then?

What does that make blaming the high USD now?

Surely not a convenient excuse?

Whatever happens this much we know for this quarter:
1. Ramadan has passed with no contracts announced.
2. Ships appear to have been mostly stationary.
3. AUD getting higher.
4. Significant debt.

At this stage I would predict the half year reports will be very grim reading unless we see a stellar next quarter.