In typical Aussie 'can't be arsed' fashion, the few local holders of this stock will see the opening of an International account to be too hard and will just cop the loss and walk away. We saw the start of it today.
Yes we have debt. Yes we have the settlement to pay. But do you know what else we have? A wheelbarrow load of cash coming through the door every month!
It may take another 6 to 12 months, but once we've shaken off these anchors we are going to be left with a very appetising little cash cow and a valuation far higher than 5.3c.
I am currently on the bid and I so hope that over the final 2 months on the ASX, I bag myself someone elses tired, undervalued shares.
LHD Price at posting:
5.3¢ Sentiment: Buy Disclosure: Held