Seems to have a support level about there now. The $A has been going up re the US but so has the Euro. If I was the management this writer would come to the investors and ask for a few cents each, in exchange for a few more shares for the same assets. This could be used to pay down part of the debt in the bad corner properties, bringing us back into line, reducing risk. Buying a lot of time. By doing so put a better floor under the SP. Two cents kick in might get five or six on the SP. Pretty good return.
AEZ Price at posting:
7.8¢ Sentiment: None Disclosure: Held