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The market is ignoring the cash balance because history says...

  1. melua
    14,880 Posts.
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    20/10/16
    14:29
    Post #: 20001893
    The market is ignoring the cash balance because history says this mob will burn it. The evidence to date also suggests there will be negligible revenue to offset the cash burn. It's quite simply a disaster and I suspect management and staff will live off that cash balance while it lasts.
    1PG Price at posting: 18.3¢ Sentiment: None Disclosure: Not Held
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    lightbulb Created with Sketch.  Great analysis
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