Ann: Response to ASX Query re Appendix 4C, page-12

Sentiment: None
Disclosure: Not Held

We all seem to have the same sentiment and disclosure. I guess we're all around as potential buyers, as I don't think people would bother shorting them (too small and illiquid). My question is at what price would you be interested and why?

I think it's overvalued at the current price because I can't see enough growth. As pointed out by one of you earlier, if you take out the recent $100m raised in June 2017, they went nowhere / backwards when the broader market were in double digits for the year. And it is now borrowing to fund growth, which has been hard to come by for them. So I just can't work out an actual price that makes sense right now.