As a long term shareholder I sold out after the Glaucus report as it confirmed some of my own thoughts. At the end of the day the info was out there to suggest that all was not well, I read it as Oh crap risk off, others such as JID were risk on ( on the basis that all was still well). The info now confirms the risk off, but do we try and catch a falling knife with this one ? Most of my purchases have been sub 50 cents when all of the managed schemes were falling over. Like any primary production they will need finance for the next crop ( planting and harvest) and interest rates ie cost of funding and sales price of end product will be critical. Interesting times indeed.
Good luck to all on this one the future is unknown.
Andy
QIN Price at posting:
46.0¢ Sentiment: None Disclosure: Not Held
