Ann: Central Bank of Ireland Update, page-193

I don't think so. At best, we'll go sideways for a while. This CBI debacle is a tumour that seems to be metastisising. I'll hold firm on my opinion that EML needs to move PFS out of Ireland. It's the New Zealand of Europe. The longer this drags on for, the worse it will be for an otherwise great company. On the first announcement in May, on day 2 following the announcement, the price rebounded impressively to about $3.35 from the horror $2.80 close.
Well, this is day 2 of this second part of the Irish Shakespearean opera and the market is not taking the bait again. I've been reading "huge rebound Monday" and "oversold" on the weekend. But, it's likely not going to move the meter that much today. Positively, it's not selling down again.
One more negative announcement regarding the CBI, and EML will be in that $2 to $3 for months.
I'm not downramping, or trying to get anyone to sell. I'm trying to be realistic. Tom Cregan in one of the best leaders I've seen in corporate circles, and he's made EML what it is today. But, if the CBI are going to be that limiting to his growth plans, then just take the short term pain, and move on to somewhere which actually values capitalism and economic growth and prosperity.