Chart, page-7046

I'd say a good trade would be to buy around 50c for an upward correction towards about $1.

I expect it to hit 50c either before half-yearly (if it's released late) or on half-yearly due to bad numbers.

TA wise 50c would be a minor support line. And $1 would be a 61.8 retracement for an original move from $1.30 to 50c.

FA wise 50c would give it a market cap of $85mln. They mentioned that they expected to exceed last years revenue of $35mln (AUD). I would not expect their margins to hold at prior level given there has been plenty of evidence of discounting.

So either we go to 50c and they blow my low expectations out of the water and we go to $1, or my expectations are confirmed and we go to 50c soon enough.

Would not touch this as long term holding as management has zero credibility in my view...would trade though.