G'day rebel,
A nice recovery today all things being equal.
Whilst the announcement last night was encouraging, in my opinion the only component that would have had any impact on today's s/p performance was that section that detailed their debt reduction.
The announcement of a new CEO was a step in the right direction, and the section of the announcement that informed us of things getter back on an even keel will hopefully see some sanity come back into this stock being further oversold.
If we can get a committment from one of our major customers in the very near short term, this should result in the s/p consolidating and moving in the right direction for us long term sufferers, although the announcement today by AJL regarding a j/v they have entered into pertaining to drilling techniques for the coal seam gas players, should, in my opinion, provide a few early headaches for the new CEO.
Anyway, at least we have something to smile about today :)
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