When the debt increase more in 6 months then what the company is making in 6 months you know its going to be a hard road in the future.
Debt increased by $349 million in the last 6 months, the company only made $78 million for the half but due to write downs made a $74 million loss.
In the last 12 months debt has increase by $699 million,
Debt is increasing much fast then the company is able to make a profit.
Its not hard to see which way this company is going medium-long term. Im guessing it will be heading back down to 70 cents in the not so distant future and those who continue to hold will probably be wishing they sold out on this recent pump.
All in my opinion of course.
OST Price at posting:
95.0¢ Sentiment: None Disclosure: Not Held
