Well , i may be the first fool.But: having 6month reslut...

Well , i may be the first fool.


But: having 6month reslut donwgraded by 14mln should not equate to 50% of company value reduction!

Issues peole have:

1. This stock could have had margin call.
2. Stopp losses activated - (not good when knife isfalling)
3. Do not trust
4. Think it is a scam
5. Mentioning of banking talk scarec people


I think:

1. Managment did not foresee dificulites in finishing some high maintenence contract.
2. There are other projects under way (including Gorgon)
3. Managment got burnt this time - good lesson.
4. WIll do better in second half.
5. Balance Sheet looks healthy.
6. Board will take actions now: Started will implement changes
7. Banks will have no issues as long as it is going concern.
8. Prblematic contracts completed.


It is still t/o 250mln company with 130mln shares on issue.

Results will get better due to new contracts and changes managment will take. NTA is still 62c per share!!! WIth company generating revenue !!!

The most important do not panic!!!