Mate!Must be reading a different report!Forecasts I read:...

Mate!
Must be reading a different report!

Forecasts I read: (financial years)
09 ~ Operating revenue = $169.3m / earnings p/s = 0.4c;
10 ~ O/r = $156.4m / e.p.s. = 1.6c;
11 ~ O/r = $196.8m / e.p.s. = 4.6c.

Debt is $205m, out of a facility of $235m!
Sales anticipated are aimed at reducing this debt further.

Debt is 32% of total assets.
A good % of the debt was used to set-up the BellBay operation, incl purchase (i assume). This is already cash-flow neutral heading rapidly to c/f ++.

@15 - 16c, imo, wer'e ready to rock'n'roll!

'Can't see the forest for the trees????'

Hope you have a better day; I'm sure I will.
I'm also focusing on the better time(s) ahead, and happy to be ON-BOARD.

Cheers :)