Don't blame it on the carbon tax.
Don't blame it on the bossa nova.
Don't blame it on the short-sellers (they're only undermining the best way they know how).
Ultimate responsibility must lie with management.
The net physical asset backing per share was $2.32 (as at 31/3/12); the current share price is $1.235 (or 0.41 cents if our shareholdings hadn't been reduced from 3 to 1).
Should we consider winding up?
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