huntleys valuation 3.75 buy recommendation, page-36

I believe its quite simple really. Mr Market says it was a bad idea to acquire ZFX ( the outlook for zinc is not good ) and in a bear market the pain is double.
Market sentiment will override fundamentals and sometimes it can be brutal.
I expect more downside and this is nasty correction that isn't over yet I feel . I hope I am wrong.
Remember the 87 crash.... It took 6 years for the market to recover.