have to agree that further closures are possible with the resource sector under stress. The information forwarded about contracts being deferred , I believe, directly points to companies under duress and planning to cut costs. ....and this means negotiating new contracts.
That means further closures possible or at the very least cutting margins. If one looks at other resource supply companies...all have fallen.
TTN share price must bottom somewhere....but will it bounce? I thought it would do so on Friday, given the move upward towards the end of the day on Thurs ....how wrong I was.
Will it finally bounce???? or will it just stop dropping and move sideways. Obviously the sellers don't think it will rise.
AUG Price at posting:
49.0¢ Sentiment: None Disclosure: Not Held
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