which longer trend looks OK ? when i look at the production trend it peaked at 3Q09 and has been declining since. shipping grades are dropping, and we're shipping low grade cargos to make up annual production - who are they trying to fool, probably on themselves.
maybe people are anticpating poor production like last quarter's results; maybe early rain has affected production like it does anytime there's a cloud in the sky; maybe they've run out of high grade and this quarter's looking bad and next quarter worse; maybe the work force are chucking a few spanners in the works because they've been paid too much / not enough / to late / to early / or not at all.
undervalued ? with swag loads of performance rights marching out the door at 22 cents to the mateys who run it who would value the company at 41 cents. unless they pull something out of the hat we'll see a sad decline back to low 30's or less over the wet season. sold some last week at 39 cents, probably sell rest if it keeps heading south.
TTY Price at posting:
35.5¢ Sentiment: ST Sell Disclosure: Held
