Wenzel Downhole Tools Ltd T.WZL

todays trading

[ferret_ca]

i picked some more up this morning in the 1.60's, it is now actually up a penny on the day and looks like it could go to $2 ask is now at 1.91 getting rid of this albatross good news even though we lost the case.

cheers and gl ferret

[mjh9413]

wow! quite a turnaround. don't get it really as this represents a \cost\ assessed in interest terms (as though they borrow the whole amount or even have to use own cash, which was not much) at about $690K pa. And then they have reduced room in their borrowing AND have to pay it off.