agree guys, senex looking ripe here but you have to consider the chart. we are now over 10% below the long-term, multi-year support of 60c and there really isn't much below it (doubt we'd see 30c). i think we could see a big sell-off shortly as holders capitulate.
could be a damn good time to pick up stock on a false break of the lows but there could be better buying the longer you wait. of course, once that takeover offer comes in, the window is gone forever.
i'm not too familiar with the fundamentals but will be researching heavily over the weekend. i think this is a no brainer for supply into eastern australia and i reckon the bid will come from a multinational, not sto or any other existing player.
SXY Price at posting:
53.5¢ Sentiment: Buy Disclosure: Not Held
