the big picture, page-6

Those are lovely and undeniable valuations Eastcliff. From the start its been obvious that the concentrated registry was going to produce some trading patterns that were not broadly indicative of fully spread retail sentiment. The $11.45 peak was reached on or about the time Z2 was quantified. The proving up of Z3 and beyond will have the same effect. Its a matter of logic and basic valuation. There are just too many upside drivers for any other outcome.

As previously mentioned, as the world moves into full awareness of U power generation as the only real baseload alternative, smaller U startups fall away due to bad economies of scale etc, and the majors begin to show the potential frailty of supply, all eyes will turn to the creation of another major supplier.

Lets face it, it serves no one's 'ULTIMATE' purpose to deliberately drive down a SP, and the only reason you'd do that strategically would be to gain further advantage in THE SAME STOCK! by acquisition. If we had a mums and dads register maybe I'd be more concerned.

Another way of assessing current sell offs is this...Over 60% of the stock rests with 3 entities who are clearly not here to day trade for profit and have vastly different motives to the rest of us on that score (either sell once totally proved up at highest possible SP (KAH...perhaps) or operate as a global U giant. They all fell over each other to maintain respective percentages and eagerly took up the 1-35 with garantees to take up shortfall yada, yada. They (we) all did this knowing that $7.75 was a figure unlikely to be seen again on those basic lovely valuations.