trading less than cash backing, page-5

From last dec half yeaR report
cash bal 840mill nta 900m that gives
cash per share around 36c and nta of 40c per share

also there are no refinancing obligations
or debt covenants conditions

if 1 looks at fuel and revenue most of it is all hedged

could it be the dollar going over 90 cents caused losses
i have no idea

Management should com clear of wat happened
is there may be a nick leeson (rogoue trader) working in there

com on boggeti come clean ...................