Ann: Appendix 3B, page-13

in my experience market doesnt factor in rationalisation, it seems to like to back solid numbers or a solid story, and in the spec end when cash is king, the story needs to have enough steam to lead to fomo at some point, so although I agree with you the numbers wont be be that different (I expect receipts to be between 100k and 200K) I think the quarterly will matter to the market considerably.

If I was a holder I would be looking for the pump news in mid to late Jan (I expect its coming at some point) and exit if the market pushes the SP in the low to mid 2c range, then look to re-enter if the 4C justifies it back at current SP levels.

If the quarterly is dismal and nothing to pump the SP, with almost 300 mil options now on the register, this could easily go back under 1c imo