I was thinking about Blue Sky again last night and came to the...

I was thinking about Blue Sky again last night and came to the following conclusion.   I like some of the new directors, they are good value, looking at the things they have done in other places - that is the only reason I'm thinking about it.

However the turning point will be the next real report - ie the half year report.   They have to address the cash burn, this business is un-investable unless they work out a way to operate without burning thru 60mil to 100mil a year of cash.

If they have can outline a plan in the half year report, there should be fair value around $1.50 but if they keep burning thru cash, I can see this trading at 50cents or less.