Not sure I agree with that, given the last couple of...

Not sure I agree with that, given the last couple of announcements and reading between the lines:

- This quarter will be cashflow -ve.

- There will be another payment from SNR.

- It is likely HYO will make $10mill EBITDA given Mr Bill Votsaris recently signed a rather large incentive agreement, one would assume he would otherwise not sign it. Oh and at a guess $10mill EBITDA would be around a $1mill EBIT minimum.

The last eleven announcements tell the story.

Of course overall market direction will lead the share price.