panic = opportunity, page-36

interesting that some readers have chosen (from 1800 stks) BSL to compare with ELD. If there's a company that has been butchered by overpaid management and a SP hammered by 2 huge massively discounted capital raisings... then BSL is it.
I feel today's statements by new CEO were refreshingly honest and they included a (rare) apology to shareholders. Eastern states received heavy rain in March and many dams in S. QLD (eg. Cubby station) and in NSW now have water for irrigation. Victoria will have a decent size winter crop. Is the worst over for ELD? Impossible to be sure but undoubtedly someof today's bloodbath was tax loss selling along with sheer exasperation by long termers who have had a gutfull. I bought some this morning at 46c as believe it is not another hopeless, deceitful company like Centro, B&B etc... but am not expecting SP to return to 85c anytime soon. Rather as the cropping season improves i hope SP will gradually climb and maybe 55-57c by year-end.
But ELD is for higher risk ivestors only.