Interesting to see the share price fall >20% in 2 days. I have...

Interesting to see the share price fall >20% in 2 days. I have been very negative on management previously, but this time I blame the brokers for the big dip. Management have not changed the outlook overall, they remain consistent on expectation of growth. They also raised capital 6 months ago at 44 cents, indirectly confirming they weren't worth much more than this. I strongly suspect it is the brokers like Euroz who have been driving the SP up, making commissions in and out as the various parties enter and exit, with no real regard, care or idea as to what the company is worth. As I said, management raised capital at 44 cents, with similar outlook as today's presentation, so it is no surprise a comment about NZ being softer has triggered this fall, because it was never worth 65 cents.

I still have concerns around Capex and Cash flow, but I don't blame management for the drop today.