Were any shareholders around in August 2007, when the SP retraced after climbing steadily.
At a quick glance on the 5 year chart, the run back in 2007 appears to be quite similar to the run we have been having over the last few months.
From March 2007 to August 2007 the SP rose from 7c to 57.5c (up 50.5c)
From August 2010 to January 2011 the SP rose from 14.5c to 66.5c (up 52c)
In August 2007 the SP retraced from 57.5c to 29.5c (Down 28c)
In January 2011 the SP has retraced from 66.5c to 52.5 (Down 14c)
Shortly after hitting 29.5c back in August 2007, the SP appears to have gone on another strong run all the way up to 86.5c
Can anyone recall what happened in August 2007 to cause the retrace? Was it just a pull back, or was there something wrong fundamentally?
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