Ann: Business Update, page-18

This will have confused trading ST due to mild miss, versus long term looking excellent.

As such the 50% “safety” sell down i did around the $1.10 mark I have now put back in, as this report is actually excellent to confirm recent SP plunge is sentiment and not structural.

We get excited as prospects, then pissed off when it doesn’t happen instantaneously! That seems to be the case here.

These ST “confused” price actions that occur on slight misses are always an excellent buying opportunity when the LT actually looks improved, which $380 mill to 23 is, as well as the “expected” massive revenue increases on that figure which should happen over the next 3 years.

Risk of not happening is very low, risk of happening above expectations is high given the steadily increasing US story and rapidly increasing China story

Sliw steady growth ROW is merely a bonus

All looks good.

If ST price gets to mid 50’s it will simply be top up time again, but I suspect we’ll see a 2-3 week re rate from here back toward the 80c mark

All irrelevant for the LT!