A strategic review ends. An announcement is made and noone is anywhere near the wiser as to what it means. I am certain that if they wanted to show some respect to shareholders they would be able to more clearly outline the position good or bad. What shareholders really need to know is refinancing committments assured. They are better off paying some sort of hedging type fee to guarantee refinancing rather than waiting to the last minute. That fact they dont appear to be doing this is a worry and the sale/transfer of assets announcement does not tell us what will be or is intended to be achieved. ASX and ASIC need a revamp to enable them to regulate these issues as they should.
MDT Price at posting:
3.3¢ Sentiment: None Disclosure: Not Held
