Ann: 2022 Half Year Investor Presentation, page-69

I’ve heard that before. The current pattern in each cycle is lower
lows and lower highs from what I can see. It briefly hit 59 cents
in the last 12 months which was probably due to short covering
and since then has steadily dropped in each subsequent cycle.
It couldn’t hold the slight gains off its drop to 21 cents. If shorts
are covering I suspect they’ll just ramp up again after the next
enthusiastic announcement. Debt and falling earnings is the
problem here IMHO. E4 approval from memory triggered the
rocket to 59 cents but now look at what the market thinks of that
announcement in the rear vision mirror given it’s dropped 62%
in value since that time….that’s not exactly an endorsement of E4.