I think is could go quite low, mainly becuase some nervous...

I think is could go quite low, mainly becuase some nervous nellies will assume it is dead and because some forgotten stop-losses are hit in low buy side depth.

I will be putting in a few low ball bids, mainly because I think the company has value even if QLD goes belly up, namely in: 1. IP secured for rest of Australia and China, 2. Coal seams, 3. Equipment that is re-usable, 4. An an eager client already lined up to use it in WA.

Having said that, nothing to say QLD game is over yet.