All down mate, since late June, as far as the share price goes. Because, I think, they're needing 10 average to match the presentations/upgrade project targets. It's all about whether you think this is the low and they are about to start hitting 5+ seaward loaded barge movements per day consistently and whether you believe that will deliver the $15 site margin they've claimed.
Plus, what you believe will happen globally in terms of recession and markets being toppy, China issues et al. In a nervy or worse market these guys won't get too much leeway, and I would say that has already been a factor in the share price to date.
But if they start hitting the targets the upside is there longer term. Provided they bring in enough cash over this and the next quarter. They're talking positively. But what CEO doesn't?
