Heroic positioning. I'm assuming you think this is the bottom. Are you basing this on anything in particular or are you just convinced that 30c is very cheap compared to their future recovery price? With the mood the market is in it could easily price it as 10, 20, 30 or 40c as the current 26.5c is clearly not based on any underlying fundamental value. With all the pessimism I wouldn't be surprised if we see lower still but also won't be surprised if they jump by 15c next week!
FDV Price at posting:
26.5¢ Sentiment: Hold Disclosure: Held
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