9 for 10 renounceable issue - cr @ 50c, page-6

Jonathan...sorry mate for what's it worth (nothing) I gave you a thumber, that's a plus :-)

You know I posted what turned out to be an incorrect idea that GD had bought Austal.

I now think this is the best option for Austal.

I'be seen a couple of articles. One even dared to point out that 2012 EBITDA they announced was slightly better than analysts estimates???

Big woop, you just announced a raising at a price that is effectively a 60% discount to the price most decent holders think was the last $1.23.

I've been in the market about 8 years now, and have not seen a raising at such a discount. And for what....to pay off a portion of debt???
How about they make a profit from the billions paid to them to build ships.
And you are right, the press from Mobile in Alabama where Austal is a major employer is so different to the reality of WA management. More jobs, expansion etc etc.