What an example that bad management can destroy any company. SGL had one of the biggest gas resources in the entire world, recognised by the CSIRO but soley due to bad management this company is in tatters. The debt has blown out to buggary, there are a squillion shares on issue - the only hope i see for this now is for AGL to take the whole resource.
I dont even read the announcements anymore, it is just deplorable - the chart says it all. Thank god i bailed out in the high 60's. What a tragedy.
SGL
ricegrowers limited
disgraceful.
Currently unlisted. Proposed listing date: MONDAY, 8 APRIL 2019 11:00AM ##
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