I agree. Both the fundamentals and the technicals suggest a...

I agree. Both the fundamentals and the technicals suggest a re-rating is due. Where the sp will be in 6-12 months time is anyone's guess, but the higher it is, the lower the dilution from any capex that may be funded through equity. A shareprice north of a $1 is not out of the question and would certainly result in a much less dilutive deal come capex funding time. It's probably highly unlikely we remain under 300m shares all up, but equally it is unlikely we will end up with anywhere near the number of shares LYC will have if approved. Too many factors at play to make an accurate prediction, but I am quietly confident and continue to hold (and have done since mid 2005).

Good luck to holders.