is this the next fmg, page-5

most penny dreadful stocks do not have debt. This one does (alot of it) so don't look at mkt cap at all, normally you can when there is no debt.

Now debt is good at the bottom of an asset cycle, and bad at the top. Hopefully we are buying these assets at the bottom, and the debt will amplify the return to shareholders down the track, (given fewer shares have been printed).

Of course debt has a nasty downside if it can't be rolled down the track, interest rates rise or we have bought assets badly.

we are in a very risky investment no doubt, as said by others the next quarterly is shaping as critical. If we get some growth in revenues and profit the mkt will start to take notice. we still have 4-5 weeks until then..