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Yes Max - They have done all you say yet the S/P is below the $1.60 it fell to on JORC day in August 2010 when a certain broking company revised their price target down from $10 to a $1 - As it turns out that downgrade prediction is looking not to far off the mark with the S/P already going as low as $1.37 last year and $1.49 this year.