If it doesnt hold 1.7c - the market doesnt know what value is - Was thinking of another top up at this level but will hold out to see what happens - if it breaks I will be looking to back up the truck one last time. We all know the market is irrational - this has been overshot to the downside but in doing so, it creates brighter upside SHOULD things come together.
Having said that, I wouldn't be saying any of this certain events didn't unfold and do feel this is all thanks to Nania/Lucerne (who I grow to dislike more and more as the SP gets decimated) I know people have careful positions around Nania and Lucerne - but IMO they really screwed the pooch on this one for everyone - sentiment and perception being the biggest driver in stock markets.Largest holder affiliated with a director and interim CEO goes and dumps 160m shares into a spike they knew would result off the results that they knew about before the market - based on that I would even go as far as to call it insider trading to a degree but that is just my opinion and I am sure someone will look at it in due course if it is warranted.....
Regardless, what did they think that would do for the perception of the company regardless of fy20 performance? There is very little trust in this board now IMO and probably rightly so. I have a lot of faith in the technical teams that are actually putting things together - they are the backbone and likely the ones responsible for any notable success over the last 12 months, but a couple of these cats at the top probably need to be replaced IMO.
Lastly, this company need to release some good counter news very soon. Patience required here but that doesn't mean we don't get frustrated from time to time.
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