end of nice ride

All indicators show severe price weakness
Pivot point at $0.24 support has been broken.

Interestingly NBN is a kind of a sick idea for a small country like Australia, considering the superfast, wireless LTE Internet is getting unbelievably popular in Europe.
I do not understand why would anyone would prefer to install NBN over LTE, but some people love to waste money.

So NTC enjoyed unjustified and unbelievable, I admit, price rise from 11 c in OCT 12 to ~ 28c in JUN 13. I just wonder where will it go from now : ~ 10c or 5-6 cents like years ago.

Also mind fairly high debt ratio of 37% and effectively no net income. It would not be long when a CR will be needed.