Westpac Indicative Price, page-178

Its to keep the lights on....ESI are living on fumes at the moment and Ash is playing donor I reckon, whilst eagerly waiting for the train to turn the corner.

Not totally sold on the capping story tbh, but tight stop losses which is now part and ; if things hadn't played out like they have in the past and punters weren't twice, fifth, tenth time shy....this thing would be above where it is now. Things are again beginning to drag out once again; considering they were so close to having this thing stamped 3-4 weeks ago; I bet most in here are thinking pre AGM..we've gone through these thoughts before, but we've never been so close. 2c is cheap as chips for what's potentially on offer....but once again we are drifting on time, punters beginning to take chips of the table and the markets again losing faith; failed so may times before, whether its been managements fault or not, but the dragging out of time again; is clearly kicking in.

There's a few line wiping ex holders sitting on the sidelines now, only willing to reinvest on confirmation, its got to that stage where some punters now willing to pay that little bit extra as opposed to leaping in, I'm currently holding a only a few million at the moment myself and unwilling to buy more until the green light is shone. I expect it to drift in the 2-2.2 zone until we actually get the news...positive new, I reckon we'll get into the 4.5c+ zone...of course HC Trader will need need to be taking one of our large holders on a fishing trip when the news comes in.


OW