Don't know how long before moves up from here and patience you could be right could be weeks but what I do know is buying at only 25% premium to share price pre 2 May confirmation of 2 year extension of banking facility is a no brainer. So bought another parcel for the superfund which is where I put my no brainer long term positions.
Arguments to justify otherwise have been very weak why this is a no brainer.
Happy to have others try to explain why at these levels no brainer but got to admit the efforts so far from what I have seen have been very feeble which was my buy signal to buy some more for the superfund.
Short term could be all over the place. Long term - the future is looking very bright imo. Listening to all those Slater and Gordon adds on the radio today whilst driving helped with that.
SGH Price at posting:
40.5¢ Sentiment: None Disclosure: Held