Only slightly happy.. I was surpised by how many insto's congratulated the management on the call this morning... I nearly felt sick...
I thought the quarterly was average... not bad... but not good either.... and the share price as it stands reflects this... I think they are still getting their ducks in order and the next quarterly will certainly tell a tale and the one after that (ie. January) will most likely tell us:
- whether we have enough cash on the road without another CR
- what the real opportunity is
- whether they have got costs under control
At this stag my sentiment is still hold. Well aware we are under the last CR price.. and to be honest with you I am not surprised.
Ann: Appendix 4C, page-19
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