I used to hold a whole bundle of these but sold down but hold a few shares just to remain on the register.
Even if offered I need to understand what will change that will make me see this as a rising star. Given all the other cap raising I am not sure how much I can allocate to this. Timing bad, end November (assumed when they will want cash) for me is really bad as no meaningful income flows into my portfolio after October until February next year and I have a lot of calls for funds between now and end of year.
In the old days I would just borrow - Dont do that these days.
To be compelling we need to know what the plan is. Not just the plan for us to drop cash into the pot to pay down debt but what is the plan in reference to the growth in income and opportunities etc. Rising A $ does not help.
Very small position.
PSH Price at posting:
95.6¢ Sentiment: None Disclosure: Held
