Hey Rexxar, my bet was today was capitulation pure and simple. This is exactly what shorters love, and will give it that extra nudge on big negative day to break through support and trigger all sorts of stop-losses and panic selling.
This is not some two-bob company, but a serious player in the contracting space who fooped up badly on a couple of big projects. They are highly likely to recover (with a sharpened focus on project quoting and reporting) and in time flourish again.
Focus on what you own, not what the moment in time share price says - this is predatory trading and shorting mischief at its best.
The operating leverage and in-house expertise here is considerable. If management don't turn the ship shortly then watch out for the barbarians at the gate!
Next likely catalyst Oct 30th AGM update.
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