Looks cactus, page-9

Drag

That's the big question. I sold more than half of mine on the basis it is now a high risk investment. I'm considering adding more at these prices but haven't yet. As I said the reason I initially invested in NWH was the strong balance sheet. Wasn't so worried about the impairment of the PPE but thought they'd be net cash by June 15 but because of the Samsung they instead have a chunk of debt.

On balance I think it is cheap at these levels, but a stuff up from here would likely be terminal. So massive upside which won't take much to go right to happen, but also the potential for a write-off.

Part of what is holding me back is I'm saving some funds for a cap raise (I hope they do). Would shore up the BS to insulate them from stuff-ups and also help them win new work as counterparties would be more comfortable with them.

So might dip the toes in for a small purchase but will probably just save the cash in case they raise more money.