Totally agree with your sentiment, however I am very bullish on this stock.
In spite of all last years troubles, the management still posted an excellent number and have put out a 26M NPAT forcast which is fantastic.
On top of that, with long term funding secured, all of the shackles from the past would be gone.
At this rate, should they out perform their forcast, and lets face it, why would they qoute stretch.
About 30-40% NPAT upside from just 15% extra funding, fully executed.
Then they will be away and unstoppable.
Top 300 in 18 months
MNY Price at posting:
$1.65 Sentiment: None Disclosure: Held