Wow, that took a long time for a trade to get through.

The ask was for 2.79 and the bid was at 2.71, looks like someone wanted to actually buy some, even though this was below the market open.

I expect to come right back down after yesterday's gain. Could still happen.

Its possible that we have seen a floor at least in the short term. I am still pretty sure that some dilution will be coming soon, a payment of 30 mm is due in July, and I don't think they have that kind of cash on hand. The SEDA might cover it, but either way this will dilute the stock, I just hope they don't try to fund everything until the SP recovers or they get bank terms for a loan.

The loan won't happen until after the DECC approval, as that will give them higher booked reserves to base the loan on.

We are going to go sideways for the next month at around this level.

Andy