Hi friend,I take your point re position and sentiment.I am not a...

Hi friend,

I take your point re position and sentiment.

I am not a chartist, but doubt very much if the sp would go down to NZ$ 40 cents again. I think those levels were because of panic sellers and people worrying if the company would actually survive.

I believe the sp might drift lower over the next weeks, but likely to be around this level or higher by the time the FY announcement comes out. Low 50s: yes, 40s: no

As I have stated before, in my opinion 'uncertainty' is the single biggest factor holding the sp down. The sp will go up once it is clear how they will solve their debt levels, even if this news is not palatable to some.

I am ALWAYS wrong with my predictions, but here I go again:
NZ 60 cents at time of FY aanouncement
NZ 80 cents after news comes out how they will improve their financial situation.