I sent an email to Glyn the other day after the announcement, with a multitude of questions in relation to the company update.
No reply thus far. Can understand he is probably busy, however I am concerned about that ASX price query on the 17/3, and the flow on effect that it had on the SP.
Interesting to note also that we are now sitting on a 50% decrease from the SP high of just a few weeks ago.
08/04/2010 -5.6%
07/04/2010 0.0%
06/04/2010 -16.3% (SHAREHOLDER UPDATE ANN.)
01/04/2010 7.5%
31/03/2010 -11.1%
30/03/2010 -6.3%
29/03/2010 -2.0%
26/03/2010 0.0%
25/03/2010 -2.0%
24/03/2010 -2.0%
23/03/2010 4.1%
22/03/2010 -12.5%
19/03/2010 -1.8%
18/03/2010 -5.0%
17/03/2010 -6.3% (ASX QUERY RESPONSE ANN.)
16/03/2010 8.5%
15/03/2010 -3.3%
12/03/2010 8.9%
11/03/2010 -3.4%
10/03/2010 -1.7%
14 of the past 20 days have seen a drop in SP.
11 of the 15 days since the ASX price query have been negative, two neutral, and just 2 out of 11 positive.
I've changed my sentiment to hold, awaiting further news, or at least a response from OBJ management.
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shareholder update, page-27
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