I like your analysis Spectator and its well balanced.
I have not had good success investing here but the reasons which got me in initially keep me watching and trying to 'make it back' by coming back in at the right time. I feel the point of inflection is this month for a couple of broad reasons;
The money spent ether starts to drive improvements or it doesn't. This is sort of a binary outcome to me as if it does not (and only the top brass inside those walls know this), then there is the speculated capital raise.
Next, the reason it this month is because if you need capital, you will be unlikely to do it over mid December - mid January and i feel some form of SPP/Rights Issue will ne needed at this price point, not just a straight 7.1 raise. hence why i am leaning towards this month.
My broker is at Euroz/Hartleys so I will no doubt get the call again if it happens.
This time its indeed possible it could be the bottom.....
Regards
DC
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