While I don’t agree with SM using the term “bed wetters” when addressing the declining SP (it’s just unprofessional IMO), there’s no doubting that the register is mostly made up of nervous, uneducated retail investors. The fact that today’s announcement has been met with more whinging and moaning by the usual suspects just proves this. Today’s announcement is simply an ASX reporting requirement, it was not produced because “SM thought the price would go up”. If you idiots can’t understand what is being layed out in front of you and don’t have the patience to look beyond the end of the week, I’m happy to keep adding more of your shares at these levels.
