Feel the same, costs look high, but the endless frustration is that there could be $50m in the bank if gthere were no investments and the sp would be closer to $2.
Well no point going over that, but all their investments look pretty suspect at this stage. OLY again haven't filed a quarterly and we own 76% of them, disgraceful. MAL is a away off from making cash and IRL are sinking. So not looking good for any of it.
Seems like there is not enough revenue to really make an impact, however they have had to expend quite a bit to get to this stage.
I am torn, I feel like cutting my losses (which would be significant) but I somehow feel in 6 mths time that there will be a return from MON, they will be shipping more and they will have found more IO, so we could be back past $1.
Who knows, but have learnt a valuable lesson about sound management and the importance of it.
TTY Price at posting:
0.0¢ Sentiment: Hold Disclosure: Held
