Yes.. deduction of equity value from operational losses incurred since 2008. Then equity dilution from 20c right issue in 2009...
and now $80 million lost this year will be all deducted from equity value (the share price)...
I still can see further drop, perhaps to mid 20c levels soon enough. Capital raising may be on the card if the current unfavourable operating conditions to drag on.. good luck
Ann: Change of Director's Interest Notice , page-10
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