Moving higher to 2.50, page-67

2.08, good enough, back in.

Auction was not large. OK, perhaps buyers not falling over themselves to get in yet but hopefully selling is now back to normal. So hoping this becomes at least pretty well the bottom of a range until the take over offer- the Subic Bay JV and the aircraft carrier contract.

The issues brought out in the AR and analysts questions still exist- but the risk at 2.08 is so much less than they would be at some higher price.

And before the next time the accountant, Glenn, talks to the analysts- get him some media training. The way he answered questions must have knocked a few cents off the SP. He was defensive. I believe that he was across his subject matter- that was OK. He had the details but did not sell it. Probably a nice bloke.

IMHO DYOR