CTM chart, page-455

to me, it appears the start of a downtrend

volume has dried up which can end up being good or bad

punters sitting on fence waiting for direction

the longer we go without anything positive then the greater the likelihood that we will break down hard and probably revisit the .40s

on the other hand, if there's that so called positive news that actually starts flowing then we can retest .80 then maybe .90

but overall the damage has been done technically and I can't see this thing getting to $1 or even remotely testing it anytime this year

at the end of the day its up to management to get things done no matter what challenges or obstacles are presented along the way, that's what they get handsomely paid for. its not a case of sit back and it'll happen, they need to get up and go make it happen even in times of adversity. this is what separates average management from top-class management. our problem is we are paying for that champagne but getting lemonade. they need to value-add and so far from what I've seen, there is a distinct lack of initiative and proactiveness. that is my gut feel. most probably our only hope is that the major shareholders bring in their own director to get things moving in the right direction, or better still bring in a management skillset that can actually do the job that needs doing