Thanks HBSWRX. I have one on performance. The loss for the 4 months ended October was $113 million that included the $100m write down. According to the Chairman the loss at the end of September was $6m. That means the loss for October could have been $7m. Who knows what this would be annualised. In the 4 months they also increased the net current asset deficiency from $5m to $40m.
There might very well be logical answers for this but they aren't in the documents distributed to shareholders. The answers may be in the documents given to the banks and vendors.
I asked whether the presentation tomorrow would be the same as the January Investor Presentation but they couldn't say. we'll see what is revealed tomorrow.
NMS Price at posting:
8.4¢ Sentiment: None Disclosure: Held
