The price had run ahead of itself. An announcement or two around new contracts would shore it up some, however unless it's a big player, such as Wesfarmers/Woolworths domestically, I don't think it will move it much. Even then, the biggest risk with GSW now is execution risk and making promises they can't deliver on or have yet to prove.
They need to be well north of 5 millions deliveries by the end of the year (closer to 10M) or I would suspect the price to continue to bleed. The first half of next calendar year is key for me. Having said that I'd be open to some killer news this year, but I'll take exponential delivery growth over new contracts at this stage.
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