Hold on chaps, I get your sentiment, and applaud it, and hope it comes true.
But let's look at some facts from the last quarterly.
Total operating and investing cash flow for the quarter was a loss of around $13 million AUD, which would equate to an approximate annual loss of $50 million, if repeated for each quarter.
And they spent $58 million AUD during the quarter on "other working capital".
Now it is all very well for them to come out whinging and say they are not appreciated in the Australian market, but they have to earn respect and appreciation by making a profit.
This could be a case of a company with directors who's heads are in the cloud.
Currently, they talk the talk, but they are not walking the walk, that is for sure.
It's getting near time for them to start proving their worth (on the financial sheets).
I hope all of our sentiments come true, and they fly (which they will when the directors want to sell a portion of their holdings after the escrow period), but they need to start "proving" they can make profits, instead of telling us how many Chinese banks they are best buddies with.
Gw
NNW Price at posting:
41.0¢ Sentiment: Hold Disclosure: Held