When we least expect it....a surprise will occur...Remember that there is a strategic review underway folks. They are looking at every possible angle to relieve their debt burden and right the company's balance sheet. So do not lose heart, things take time to happen but when they do, the share price will make up for lost time in its ascent. Once they get their balance sheet corrected, they high utilization rates and reduced opex will have more impact on the market than they would with a precarious balance sheet. I very much hope that this quarter does indeed show a plus 80% utilization rate. Eventually something will occur to break the balance sheet log jam and increase working capital to take advantage of opportunities to increase gross profit like repatriating camp equipment. This effort alone would have a one year payback and likely generate $6-$10 million per year of EBITDA. They just need to get the working capital fund increased to sieze these type of profit enhancing opportunities.
Hang in there!!!!!