archview, Bad news alright, will be interesting to see the reports behind the boards decision. Price waterhouse appointed as administrators....looks like it's going to be a long haul to get the second stage going. There was no mention if they were going to keep the plant operating and staff employed. The announcement tonight seemed to be a defensive measure by the board. Christie seemed to be moving in the right direction but the board has put up the white flag. ..."in the interests of shareholders".....I hope they send us reports on what's going on. Hope price waterhouse get the show back on the road within a reasonable period of time. It's extraordinary that a relatively new production facility and the recent injection of $5m from UK institutions hasn't produced a better result.
MOO Price at posting:
0.0¢ Sentiment: None Disclosure: Held
