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Nb: Not one of mine but SGI is an example of a business that seems to have cheated insolvency multiple times in recent years. Again. Let's see...
Another Jacko - It doesn't look great I grant you. They are clearly hanging on by a thread. BUT there is a scenario where they get a covenant waiver from the banks (not impossible as banks ultimately don't want any business to go bust and have to take a full write down), pulp prices stabilise, FX hedges roll off, and they agree sustainable prices with their customers. Perhaps far fetched but not impossible. Today's RNS just underlined for me that the decisions taken by the original mgmt team were obviously of the highest orders of incompetence. When coupled with spiking pulp prices the result was toxic. But new management team is clearly doing all it can in difficult circumstances and will go down fighting. Also if some of the aforementioned indicators start moving in their favour and they need a cash bridge there is always the scope for them to try a rescue rights issue before they throw in the towel. As always time will tell. But they are not completely done yet...
Thanks ATA couldn't have said it better myself
TOT..You really are clutching at straws now.
I agree Wiseguy - 10 years, you deserve a medal. I started in Jan 15 at 1.5p and 1.3p which would have been fine had I not averaged up when things got interesting in August at 4.5 & 5p. I've regretted that ever since. I bought with the intention of holding for 3-5 years but don't want to be here in 10 years time.
My guess it will be more of the same 'jam tomorrow " us long standing holders have been subjected to for over 10 years, then how gobsmacked they are about the tragic state of the SP. As far as CB' S addiction to placings, there is always another coming, the only question is when and how severe will the impact be on the SP
I see this going back to sub 7p with the KSA trial not materialising.
They had better have something worthwhile to say or the price will drop in further. The webcasts have never done us any favours in the past so why should they now. I don't mind LC though he's not great on camera but CB comes across vey second hand car salesman to me.