I do hope though that cash conservation is on metro coals agenda as having to do equity railings in this market at this price would be a disaster. As much as I would like to top up I just can't bring myself to do it as the directors are not and they are supposed to have a good insight into the company!
Just can't help to feel that at the current price we are being seen as a non starter due to infrastructure spend commitment and the thermal coal price as it currently stands.
MTE Price at posting:
24.0¢ Sentiment: Hold Disclosure: Held