PT, thought I'd check in on the CWE thread after replying to you on CFU.
Anyway, yes my long ago mentioned (and rubbished by some - where are you Boris???) minimum sp of 6c has been achieved. I also mentioned the gap from 16th May 2007 at 5.3c was a good chance at being filled. That looks more certain now.
Looking further out with the long term charts (monthly and yearly) my view of them tells me that 5.3c won't stop the rot. In fact, I believe the sp will go under 3.5c. What will be the fundamentals reasons for this happening? Perhaps more dilutionary cap raisings while I also expect a market drubbing in 2012. Whatever the case, the 2012 low should be lower than the 2011 low.
Anyway, I will continue to monitor but as I see it there is no reason to get involved here at the moment.
Sorry to be the bearer of bad news but that is the way I see it. I really like this company but it's all about price.
El capo
PT, thought I'd check in on the CWE thread after replying to you...
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