The hoped-for triple-bottom quickly got busted and was swept away. Since then, there has been increased volume, which indicates support, and there is a strong technical support level looming at $0.52. The SP touched $0.53 today, so a turning point may be near.
Fundamental Analysis
Getting the boot from the ASX300 happened as predicted and the latest positive announcement contained nothing that would suggest there will any profits within the next year at least.
To illustrate SPL's fundamentals, I extracted these words from a paragraph posted on the latest presentation thread. Don't know what date the paragraph related to or where it was taken from, but it doesn't really matter much, the story seems to always be the same. Just a load of cynical marketing-speak. In my opinion, the words are as worthless as the shares (or as valuable as the shares, depending on the point of view). rapid commercialisation launch expediting new opportunities accelerate expand commercial opportunity
Looking at SPL's history, this stock appears to be headed for eventual oblivion because I doubt if another meaningful CR will be possible unless SPL starts to deliver commercial results. There are about three years worth of cash still to burn through, so there is plenty of time for SPL to turn things around. Maybe just needs a lot of patience and a very thick skin. I have neither, so I bailed out again.
SPL Price at posting:
55.5¢ Sentiment: None Disclosure: Not Held
