TP, I know you are heavily underwater but just be patient. the...

TP, I know you are heavily underwater but just be patient. the bounce from 26 to 57 was a bit too much which indicates it was a little overbought short term. Currently at 37-38c with IO improving and AUD decreasing one would expect it to be a little oversold since then. too many people bought above 45 in anticipation of making quick money. The market is testing their resolve to see if they are long term winners or short term losers. this will bounce back as the fundamentals have improved a lot. I cannot foresee prices recovering to the level you need but there is much more in this rise to come if IO & AUD keeps tracking the right ways as they have. Redback probably better at this trading side than you so knows when to exit and re-enter to make profit. Sit tight. company has strong cash, minimal debt. Just needs to show it is making money and not burning it. When this is actually demonstrated the price could already be much higher than it is now.