What will the half yearly report tell you that you don't already...

What will the half yearly report tell you that you don't already know?  Nothing!

For sure they will upgrade the yearly estimates by about $10 million.  They will brag about their "risk reduction strategies"...or maybe not.  Every single one of their "hedges" lost us money.  Here is a hint: let's see if they even MENTION their hedging and give details on it.  If they don't, then you know they have not changed their ways and will keep lying.

What they might do is try to give a small "special" dividend.  I have no idea why they ruled that out so far...but given the # of shares coming on to the market, the board is going to be astonishingly stupid not to give one.  

The only real hope for this stock to avoid a death spiral is news of the court case being heard sooner rather than later.  But NZ seems to have a very slow court system...so the real risk now is even more delays.

The other hope is that these Singapore funds who really only won a BRL lottery finally wake up and smell the coffee.  There are no buyers for their shares.  So instead of indulging in self congratulatory notes to themselves, they may discover that the lottery ticket still needs to be handed in to claim the cash...and that cash keeps falling away by the day.  Maybe THEY do something about their fast dwindling lottery ticket.