I totally agree with Splitupalip. The reply proves nothing and...

  1. 72 Posts.
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    I totally agree with Splitupalip. The reply proves nothing and actually suggests October production was worse than expected. Think about it, Domain, if production figures were good wouldn't they have used them in their reply - at least to debunk serious concerns about their ability to meet their commitments?

    Going back to a fairly recent post by Geiger Counter... from memory he calculated a profit of $4m for this quarter according to the expectations of the company, yet the reply quotes roughly the same expenses for the quarter BUT $2m less in revenue...

    On top of that there have been no announcements this month, despite the promise of turning a new leaf and despite their far-from-ideal financial position.

    Surely you've got to have your head 4 feet deep in sand not to see this?!

    I've been waiting for a good time to jump in because I do believe they will survive this and actually be cashflow positive by the end of this quarter, but I'll assess the next couple of days first...
 
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