march qtrly, page-2

Yep, pretty much hit the nail on the head there mate. I was thinking of buying in at 13.5c, glad I didn't now. An EV of over 20m looks very steep to me, considering KF is now practically worthless, and Henty doesn't look better. I think they only paid around 5m to buy henty anyway.

They are haemoraging cash and does not look likely to stop any time soon. I think this one has yet further to fall. Feel sorry for the long term holders.