I think the value of this company will keep going down. Sure it...

I think the value of this company will keep going down. Sure it looks cheap and is trading close to their bank balance but what is going to happen to make it worth anymore than that. What happens at the end of this next quarter? another 10 million down the drain brining the cash balance to $30 million which would suggest a stock price of .06 assuming their other assets are still being priced as it is currently. Also assuming laying off the people at bendigo that will cost perhaps afew more million including all the packing up, say 5 million leaving a cash balance of $25 million and share price of .055 and then from there I think this stock would then build a base after the cash burning has finished and then hopefully get some positive news from henty and then begin going back up in July/August.

Thats what I see with this company, I still think an entry at this time is premature.