BOT project is a long term investment and it is very likely that the big chunk of the resources will be used  for the building cost, then comes the second phase where it has to do the operation with no guarantee of making money and finally transfer the whole thing to the authority or someone else.

Is it a good company to invest for long or short term?

You decide!!!

avg dw on good stocks still works.. simple eg: if u bot noble b4 crisis at $2. U avg dw let say 2 time, at $1 and 50cts -  same number of lot. ur avg will be 1.16 overall when stock recover you still earn back profit.

but it depend on whether you got capital to hold anot...

Did the report say the new project will give a material impact to Q3 report?

What is the reason to raise capital through the bond market? Clean up debt or for this new project expenditure?

Any view for sharing?

I dont think shorting is possible now. I dont see it going down any further or breaking the 0.7. So my only choice is to average it down. Since the company had been awarded one of the biggest waste water project. The potential of going up for Q3 is pretty up.

Please correct me if i am wrong. 

1st rule in punting stocks..DO NOT average down.....not worth the risk and $$ :) ...worthwhile to use that $$ on other counters instead :)

SHORT AHH ! :P