Wow another write down? i'm going to short this stock today...

Wow another write down? i'm going to short this stock today based on SPI being down 45points plus the panic sell off for FGE. The magnitude wont be as much as the first one.

This ann will now cast doubt about the ability of FGE to deliver the RoyHill project to budget. Ive lost faith in the abilityof the mgt to deliver given that this is the 2nd write off in th space of 2 months. What's the guarantee that there wont be a 3rd or 4th write down a few months later?

Also we have equity raising looming, so many negative sentiment yet to materialise and we should see short term down trend resuming today. The fall from past few days meant that there are insider info being leaked out.

Cheers pcy