I think that their latest ann says it all and shows where their focus lies, addressed to Namoi Cotton Growers to try to assure them. This is a nice touch by the company, though have they realised that they also have some nervous shareholders out here???
Not sure what to think about their survival, in normal times and with the quality of their assets, there would no doubt be a white knight to bail them out, although in the current environment you would have to think it is a 50:50 bet at best. Mop.
NAM Price at posting:
14.5¢ Sentiment: None Disclosure: Not Held