GuysThere is some valid reasoning why its doing well. They are...

Guys

There is some valid reasoning why its doing well. They are still running with Project Zero which will see some significant reduction in costs. The down side is they have to furnish a large debt at the same time. I'm also not sure how the future OZ brewing side will stack up given the poor performance of the major players. But they did make a healthy go of Bluetongue before it was sold.

The investor presentation at Eastern Creek last week certinaly did us some favours but that may be a short term thing.

As I've said before in this forum, have a look at how it did during the GFC and graph it along side the 200.

The debt to equity ratio also looks a bit of a worry but should right itself in time.

My personal feeling is we wont see it sub $13 again.

Cheers