I have jumped back in after selling in the $1.20s.
Although I think it is a high risk/high reward play the share may be quickly rerated if some of the promised assets sales eventuate. Debt is big but assets much bigger. Some of these assets need to be realised quickly imo. I have a timframe of end of qrt 2009
I will be assessing this one closely.
I am interested in peoples thoughts negative or positive.I have not kept a close eye on this one but I have read the recent annual report
TIM Price at posting:
11.5¢ Sentiment: Buy Disclosure: Held