Well recent developments have dropped us out of the growth channel and testing support at 70c. This held yesterday, so early indicators are good for that being the current floor.
The market seems to have digested the news of indefinite deferral quite well, rationalising that it will not be a disaster (if it were a change with Eli it would be an immediate ann, as would most things) and probably relates to an incomplete post balance development that is commercially sensitive. SP movement in the next few days will reveal if it is (another!) a buying opportunity as a precursor to something positive....or if support fails another opp to throw in the towel....
GL
Wazz
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