gin and tonic, page-62

The noise today has been healthy fortunately.

In terms of short term action, bear in mind that the market is about to get a very clear picture on cash ballances and cash burn, general thought seems to be not good based on cash ballance at July + placement - estimated cash burn, and will only gradually get a clear picture on what, if anything, we're sitting on in terms of resources.

T/A aside, I'd suggest that we're looking for a fall if the cash ballance isn't considered healthy by the market and very little movement if the market considers it healthy.