OST 0.00% 86.5¢ onesteel limited

I think what people need to remember is OST has debt of 2.3...

  1. 8,443 Posts.
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    I think what people need to remember is OST has debt of 2.3 billion and when your making a loss it will be very hard to pay that off.

    Im assuming alot of the current share price action is alot of "hype" for what ever reason, maybe for the big boys to unload, who really knows but the half yearly report was deffenatly nothing to get excited about.

    In my opinion we will see it pull back as quickly as it went up.

    75 cents in the next 1-2 weeks is a big possibility.

    To much debt, non profitable and job cutting dont bode well for the future IMO.
 
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