sfr doolgunna nearology re-rating, page-51

This is starting to look very cheap again. The way i look at it, the market was willing to give an EV around 2.5m at this stage, before the raising, so at 16c we are sitting on 2.1m. At 13.5c EV is 1m. If it gets to there though I think it would/should be snapped up (i certainly would be up to my balls in it at that price). The only reservation I have is management. This little episode has spooked me a little. Blind freddy could have seen the SP was going higher without a raising. I don't particularly know why they chose to do what they did, and that I'm in the dark doesn't sit well with me, and shouldn't with you guys either IMO. I need to see something positive out of the directors. How about some on market buying, positive statements about what they think/are planning for naracoota, something surely. Does anyone know anything about them?