Whilst nobody likes to see their price drop, it’s probably a good thing to take some of the heat out, consolidate and reflect a more accurate value. Holding mid 30’s and above should create a nice platform once more details of the work in the yearly is released. I’d be interested to see how much they get out of Aus contracts and wether they will use that combined with us to create a 5 eyes portfolio and enter the other 5 eyes markets and japan
WHK Fundamentals, page-336
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