chart, page-30

i would very much like to see it in the 30s (and it should be there) but in my experience the technical damage has been done and shares tend to go through periods of consolidation/base building/confidence returning phase before attempting to reclaim previous highs

i don't suggest it should take long but a v-shape rebound right now would be met with skepticism following the Hudsons arrangement last time (once again i don't have proof but to me it was pretty obvious that the latest rally was engineered for the benefit of Hudsons exit)

30c will be now a natural resistance thinking that a lot of the CR participants will be happy with a return of their capital at this stage

i want to see BHP's money in our kitty first, then some metallurgy and further drilling, AXE is no doubt at 22-23c a pretty compelling story for new investors...they will come back once the greeks vote pro-EU and the risk's switch turns "on" again for a while