BRL Chart, page-11

You can attribute the drop to dilution if you want. I'm as grumpy as the next man about that, and I don't buy Mr Tacon's rationale for not redeeming. Those notes holders already had their pound of flesh, they knew what they were signing up for, including the ability of the company to redeem. It appears some of the decision-makers - notably Mr Tacon himself - were holders themselves, yet did not abstain from the decision-making process. How therefore, in light of his conflicted position, can one attach any credibility to his statements?

BUT - I think a stronger driving force for the drop right now is people ducking out for a few days pre-election, as insurance against the possibility of the Greens getting into power and going on an anti-mining crusade. If Greens fail this weekend, then I predict the price will be 15c+ on Monday.