Pichmac,In my opinion this company is one of the ugliest dogs on...

Pichmac,
In my opinion this company is one of the ugliest dogs on the market. It is so ugly it is interesting to watch. Its a bit like slowing down at a crash sight to look at the injured.I hope you don't join the pile of injured.

Most who have put money in have lost. I have been suggesting on this forum that the 70s, then 60s, then 50s, then 40s, then 30s were a good chance for Mums and Dads to get out. I have been proven right.

My expectation is that now they are through the 30s they will fall throgh the 20s quite quickly. Eventually stabilising somewhere sub 10c as an option for holders to participate in a recap.

If you go back through this forum you will find where I detailed why I am so pessimistic. There are at least 10 fundamental reasons that I think this is a dog.The technology it uses is in widespread decline due to its energy intensity. The plant is old.

Its saving grace has been the dedication and skill of its staff.

I am interested in how you think its gearing is reducing. Compare its debt to its current market cap.

Good luck
Bacci