Any Thoughts re today's report, in particular the below -
"Based on current traffic estimates the Group?s cash reserves will support its operations at least until September 2011.
RiverCity Motorway Chairman, Robert Morris, said ?With current traffic volumes remaining well below the original forecast, the Group will be required to secure arrangements with its Banks to sustain the Group until after the Airport Link opens in mid 2012.?
Mr Morris went on to say ?RiverCity Motorway is in constructive discussions with its Banks and is working towards reaching an agreement.?
RCY Price at posting:
1.6¢ Sentiment: Buy Disclosure: Held
