trading opportunity, page-17

mack67...

Yeah...doesn't look good.

I am often attracted to such plays, as market reactions to profit downgrades can often be over-done...but on this occassion, I still think they are expensive and frankly, would not prepared to even have my money in them for 1 second!

You never know what announcment may be next...nor if it will even trade again afterwards.

With over 1 billion shares on issue, little cash in the bank and short term restructuring cost requirements of around $10m over just the next 3 months, one is inclined to feel lower prices are a certainty.

Very sad chart here...seems someone has been asleep at the wheel?

Cheers!