Admin cash burn rate too high for seemingly doing nothing and just handing over their UCG assets for Linc shares. Next cap raising coming up and will see this diluted significantly and prob just to keep the jobs open. What confidence can one have in WHE now. Have to admit I didn't do my proper due diligence on their track record, thinking it was a steal progressively at 4, 3 then 2. Well we are at 1 now and it looks like heading even lower as POU ain't helping in any perception. Why wld the Hungarian government want to do any more biz with such a dismal track record ? Can see a personal write-off coming up. Come on guys, surprise me. Btw whats the value of them Linc shares since we acquired them for nominal 4 mill ? Guess they cld sell these to stay in a job for a bit more if needed, so long as their value doesn't also take a nosedive meanwhile (?) bottom line is good management doesn't speculate their life blood in someone elses project. Learnt that the hard way in the past.
IMO
My "hold" sentiment is for reassessment come June 30. Damage already done.
Admin cash burn rate too high for seemingly doing nothing and...
Add to My Watchlist
What is My Watchlist?