Do u think they are THAT stupid 2ic ? ... or negligent? ... or criminal ? ... or is someone about to swoop ?
Why would u throw in more good money now if u thought the previous was bad ..... talking capex now, not spec trading?
i think u guys have managed to taklk yourselves out of very cheap stock ... and if short, well lets see.
NOTHING has changed from the GORM / ARK strategy except TIMING ie they missed the window of opportunity to avoid this devaluation ..... BUT 54 mill debt in a falling AUD environment ........? ........ 2 years, 3 years repayment ? ..... still tight as hell ..... 130, 135, 140 mill shares?
Watch the squeeze when someone pushes the trigger ...
IMBOOC
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