I have been looking at these guys this arvo, I am amazed they don't do a capital raising, they only have 495,191,812 shares in issues so there is pleanty of room to raise money to pay off debt. In my view it would be a better option than a takeover, especially in the longer term as the market recovers.
2 yrs ago before the crash the SP was aroung 40c, I dont see any reason they could not acieve it again if they got thier gearing down to between 35 and 45%.
Anyway, tomorrow begins another week and we've got the AGM on the 30th Nov, so who knows what we could learn then???
NLG Price at posting:
3.1¢ Sentiment: Hold Disclosure: Held
