september qtr 2010

What worries me on this stock is the un-explained Production costs of $ 47m in this quarter, leading to a big.big loss

They then lost big time in Dec Qtr and will do so in March 11 Qtr----but they have an excuse ( rain )

I have tried repeatedly to get an explanation from Mark Tory but he's un-available all the time.

If the Sept result can't be properly explained it means they can't produce profitably--- so they stuffed.

A lot of very big holders walked recently----and they obviously lacked confidence and were prepareed to take their loss.

Its cheap but does it have any value ?