looking much better. SHould not have even fallen so far.
A 20% drop from 2 days agos close of 25 (which was already down on the previous 32 cents close) would have been rational.
But its a damn good buying opportunity at these levels.
I am expecting a quick rise back to 20 cents..short term....but 30 cents plus seems to be more of a reality in a month or less.
No debt is coming up to be paid in 2009. The company is cashed up and no need for a captial raising...they like everyone else...put on ice the dividend / distribution payment which is great as leaves the company with more cash.
The NTA is $1.15 so sitting at 10 cents right now...its just a bargain imo.
This credict crisis has been great in a lot of ways for investors with money....some serious bargains around.
TCQ Price at posting:
8.9¢ Sentiment: None Disclosure: Held
