Must admit, their debt is a concern, hence the sagging share price...the debt has been used to buy 'assets' however, hence the excalating NTA......the key for them I guess is to stop the cap ex spend and quickly, which they were planning on doing anyway with end of MIS...if they execute well, who knows what this baby is worth....if not, they do have a heap of liquid assets and tangibles but it may be a little ugly, with today's share price pricing in ugly I would suggest....should be interesting
www.therainmaker.net.au
TIM Price at posting:
0.0¢ Sentiment: Buy Disclosure: Held