from Dec 22nd report.
"AIO have received a number of bids in respect of a potential monetisation of the Pacific National Coal business.
No information has been provided to the market since then, I guess all are waiting for any news from there.
The longer we wait for news the more some become fearful and have a need to sell.
Current weakness related to ongoing economic gloom in US feeding into our market.
Secondary uptrend has broken in favour of the primary downtrend. However, imo, as impending announcement re above becomes imminent, expect new secondary uptrend.
what do you think?, page-4
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