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  1. 235 Posts.
    Having listened to the presentations at the AGM last week, I think the market was expecting something better in this announcement.

    It was not much different to what was said last week.

    The market reacted after the AGM and seems to be cooling off now.

    It has been interesting watching the price variations this morning. A jump to 20 cents after the announcement, easing back to 19 cents for a long time, and then a sudden fall to 16.5 cents and back to 17.5 cents within about 30 minutes.
    Personally I think this stock will settle in the mid 20s but that will take time, and more clarification of the recent announcement.

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