Won't drop below $7 Cowcockie - company has too many strategically unique and valuble assets (port, rail, regional silos, etc) for that - insto's probably already starting to accumulate at these attractive levels, and if not, will certainly be keeping a watching brief on the stock.
I suspect the AGM in 2 weeks could be the catalyst for SP turn, in fact more likely, in the days preceding it in anticipation of trading updates.
Won't be great, but most unlikely to be as bad as SP currently saying it will be.
I'm expecting $7.80 within 2-3 weeks, maybe another $8.20 by early March if news better than expected.
Current SP is like valuing oil company on subdued spot price, fair enough for a moment in time, but awfully short sighted in my humble opinion.
GNC Price at posting:
$7.40 Sentiment: Hold Disclosure: Held
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