Jay I still think this business is good long term. I think it will sort itself out but its going to need IMO a proper cap raising and some real facts about the build of overburden and other stock. It cannot keep absorbing cash. I think it does have a bottom and a buy signal but that's a lot lower. IMO the constant disappointments are not in the interests of the shareholders and a few heads have to roll. Bankers cannot be happy that once again this is travelling down. The margin for error has been significantly reduced - Look at the interest cover on say $5m profit with a growing debt and growing stock. It has to stop the optimistic forecasts and get real and under promise and over deliver.
Its on my watch list however.
PSH Price at posting:
59.0¢ Sentiment: None Disclosure: Not Held
