ann, page-16

I see many valid points on this thread; I come from a slightly different view having been pretty close to this stock over the last 8 months or so - I was around when the 6cent raise was done..but missed out (lucky in hindsight)- in my view the selling was not related to the underlying value rather a change of sentiment from the old broker IOC -this happens from time to time and unfortunately there was bad blood between the broker and the company - in the short term the company lost.

However; if you look at the underlying asset, the independent reserve assesments and the past record of the Waterford group - there is a reason to look beyond the past.

I am a holder and I think this stock has a lot of upside - but you need to buy on the dips and hold. Williams %R and William A/D support a run and we await NZW2 and spud.