At the last AGM it was said that brokers expected the ex div...

At the last AGM it was said that brokers expected the ex div shares to list around 15c in fact there were sales at 17c.I would say that's a better reflection of underlying value.To me 10c is well undervalued considering good management,coal deposits and port infrastructure.Don't be surprised if the selling will go on a bit longer as there are a quite a few investors who are in for the quick profit and the franking credits.But on the longer term I wouldn't be surprised if it hit the 20c mark.