where is the bottom, page-22

Reason for price drop? I have just bought some more (at 26.5c). Expect it to go lower.
Sorry, I should have warned you all before I bought so you could cash out before the drop.

Under 30 cents seems like good value to me. I am looking at net asset value, one of the ships being leased out for three years in Qatar (presumably this would be a cash cow generating good profits and stable cashflow), the Rudd/Swan Superprofitstax debacle sabotaging the exchange rate.

Concerns? My concern is that they are... (say this bit quietly) relatively cheap and could be viewed as a takeover target. I wouldn't want to see that happen before we have seen them reach their potential.