Any views on this guys comments>>silverfern - 6 Sep'05 - 23:09 -...

Any views on this guys comments>>

silverfern - 6 Sep'05 - 23:09 - 4319 of 4321


"Cash on hand at the end of the quarter totalled A$146.4 million. This has
reduced by A$52 million from the March 2005 balance" This was June and follows a pattern - by end of the year they will have around 15 weeks cash left or am I missing something - ie what revenues accrue for certain from 1 January.

Otherwise they will dilute shareholdings by selling shares to the banks or tapping the market. I was fortunate to sell at 107p and then bought back and sold losing a couple of p share price over the last month; I'll wait til there's some certainty on this one.


As someone I know commented elsewhere. 'The chart looks sick as a parrot.'