Xerxes, it's not obvious to me why the SP should drop below...

Xerxes, it's not obvious to me why the SP should drop below $3.30. At that price, the capital value of the company is being discounted by MORE than the total remaining revenue from the FS21 contract, and, while that contract was no doubt profitable, it would be very surprising if the margin was greater than 25%.

Given that the AGM is on Friday, it would not be a big surprise to see another Traffic contract announced at, or before, the meeting.

I suspect a move up from current levels is more likely than a significant decline.