Earlier in the week, I was thinking that UNW would settle in the 60-65 range. Now, I think that it will re-est its 2004 low of 55 and probably will round out closer to 50 /high 40s.
As I suggested back on October 19th:
"At the current burn rate (if maintained), they have ~2.5 quarters of cash left....The big question is how much more expenditure is required in the area of network rollout costs....Its early days yet, but the window of opportunity is not that great. Effectively, they have to March to secure critical mass (ie: otherwide the dilutionary cash effect of their current rollout could require a further financial attention)".
UNW
unwired group limited
