68c is sub 70c in my book?This latest decline must surely test...

68c is sub 70c in my book?


This latest decline must surely test the resolve of ANZ as their lending facility now exceeds the market cap. of FGE.

They may well have backed themselves into a corner with only one exit - receivers.

A takeover is an extremely remote possibility.

With the obvious lack of faith in managements ability to get things right any new cap. raising would be lucky to get off the ground, even at a lumpy discount of (say) 30%-40%

Receivers may well be the best outcome for the long suffering holders.