Price drop., page-6

I think the Supreme Court will be more interesting than the previous two hearings. I've read some postings on legal websites which say (if I'm reading it right - I'm not a lawyer) that the High Court and Court of Appeal applied a more lenient application of what could be used to interprate the contract. Previous case law basically said "what does the contract say?" and only went to other evidence when there was was uncertainty or ambiguity , whereas in this case damaging evidence outside what the contract said has been admitted. The conclusions are that if Bathurst loses it will be because the law has changed. In that respect I have some sympathy for management who relied on opinions of what the law was before this case.
However if I was betting on it Bathurst have lost 2 so far so not good odds, but all is not lost yet. Have sold half my shares and happy to hold the rest and see what happens. Good luck to all shareholders.