re: Ann: Advance Notice of Full Year Result A... Major risks now to the share price declining further is a capital raising which is not a zero chance. They still have heaps to spend on osprey and other project. I note that osprey was supposed to be nearly finished but completion is now delayed till March 2014.
No way can they fund cap ex from current cashflow and I wouldn't criticize any bank who did not extend them further debt, so don't be surprised to see a capital raising in the next 6 months.
It is now quite clear that the dividend paid in March was highly irresponsible.
Oh BTW if you are waiting around for the dividend to be reinstated it's no time soon and will take decades to reach it's former highs.
Ann: Advance Notice of Full Year Result Announcem, page-13
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