mre commenting re currency 35 price target, page-5

its the currency issue

look at NWS, BXB as well.

But retail investors know that its a bargain at these prices; Insos that already have in large qtys have their own ideas recently with price action

But a new substantial holder notice cant be a bad thing.

the managment has already said that currency fluctuations wont have a huge material impact on earnings due to its strict controls on money management

looks like some instos are 'challenging' $31 to be broken 2day again with big orders (20,000+) being upped gradually.

technically it hasnt quite bounced strong enough off 30.85 low thus far.

Hopefully its just a technical thing combined with AUD factor, but the overall fundamentals of the stock cant keep it down for too long.

Possible positive reaction wednesday when interest rate decision is made.