Vultures circle and wait for an easy meal I guess. It was always coming when the company was so crippled by cash burn. Asx never had enough money about to fund this one even though I think expenditure was out of control. It was always on the wrong market.
Let's hope we are dragged into a reincarnation here and get back a few cents on the dollar. I've had too many haircuts this year to take a total loss if falls into administration.
MIG Price at posting:
4.4¢ Sentiment: None Disclosure: Held