agm, page-13

Great post Oranje.

I reckon you have nailed everything.

By way of interest,I was with Stewart when someone mentioned the share price had finished down 6.5 cents on the day. He swallowed, did not faze at all even though his own shareholdings went down over $36 million on that, and reiterated they are doing everything possible to bring the projects in on time and on budget and what happens to the share price in this volatile period is beyond them. He is however mindful of the fact we are all desperate to see them start heading north sooner rather than later. As you mention, the Hedge fund redemptions, shorters and Margin calls have all played their part in the current smashing. This will turn I have no doubt.

I went to the AGM to see the man in person , to see how he delivers the story, to see the whites in his eyes as he delivered the numbers. I came away more impressed with him and the projects than I could have ever thought.