Yes the whole thing is a bit derpressing isn't it? Leaving aside the terrible numbers, the auditors commments made for a scary read.
I also note that the recs are valued at @$32 and given the the current market values, short and long-term liquidity seem problematic.
Following on from the Dr's reference to gerry's chat with the media, did you come across any reference to Auschina in the report? I've gone through the report a couple of times and cannot find any reference apart from the mentioning of the Taralga wind project. That reference appeared to be awfully cryptic as it talks about vaious activities and things like working with the 'project owners' (so who brought it from them?).
On the plus side the SP seems to be holding up. I find it all very confusing.
Cheers
CBD Price at posting:
7.4¢ Sentiment: None Disclosure: Not Held
