they picked up a lot of work in construction which would require...

they picked up a lot of work in construction which would require some working capital, also the business was not profitable in the first half so you would have to pay your operating expenses out of this

we will find out soon i guess from the interim report, i believe the company is undervalued but the recapitalisation was overdone IMO, too many shares and too much cash now

probably best to sell the entire company now and get it over with, shouldn't be too hard the construction business is doing fine...

two things are working against us atm: the enormous increase in the paper on issue (supply) and no good history of profitability established yet with the new management

but if the cash turns out to be 4.1c in the interim report i would have to buy more...