Definite break out, page-79

Guys
The price hasn't risen to any degree that represents fair value . It was more than 4cs only late last year and over 10c about 14 months before that. I think the rise in volume and SP may mean discussions are progressing, remembering that there are always two sides in each discussion and sometimes more than 2 . When the stock was in the 2s and I wanted to buy more I would take out the financials, look at net assets , look at annualised cash flow and net revenue and then compare to the market cap. It's what made me buy a few more at 2.6-2.9 even though I had plenty .
The market cap is 5 m with net assets being double that figure and that excludes the DCF value of the forestry management fees. I have always said that the value of the stock with no diary operation is around 8c -9c and 11-12c with tangible action on this front and thus I think these levels it is still very cheap.
The other thing I have noticed is that the volume on the way down was relatively light and thus there is unlikely to be many trappped longs on the way up. This is evident by the absence of any depth in the sell side. I think we could move to 6c plus off the back of a good annnouncement which should be soonish