Ann: 2019 Half Year Financial Report, page-9

Hi Gareth, I note you now seem to have changed your tune and are now expecting shareprice in the range of 50c as per this post

https://hotcopper.com.au/threads/banter-and-general-comments.4474625/page-10439?post_id=41055260

Now your 50c call isn't too far away from my 42c call. Now I know my call may have seemed a unthinkable to the longs at the time as I think the shareprice was up around the $1.15 mark at the time, so it's interesting that we both now see a similiar target price and general direction.

What's made you change your stance, have you realised the cash backing will slowly evaporate, particularly now they look like moving to lower scale operations but with same staffing and contractor levels (as per the Sept quarterly announcement)? Perhaps something else?

Thanks