The net tangible assets or asset backing was only ever $2.48...

The net tangible assets or asset backing was only ever $2.48 hard to belive that the company share price was as high as $7.00.

At the end of the day you cant take on large ammounts of debt which doesnt generate a return above the interest or risk premium, specially when your investing into a country that has been in a boderline economic slump for the past 12 months.