Ann: Trading Update, page-58

you;ve already said most of that. if you go back 3 pages youll see we'd already covered very similar calcs + you just posted same yest.

but this talk of not determining an sp move is imo not real world thinking

the sp move is critical because it determine that ex dilution sp and all subsequent math

sto was a case in point. buy at 3.30 - rises to 4.50. raise at 3.95. now at 4.10 with upside risk

mrm's much bigger upside risk because it will be a one off dilution event rather than sto;s 1000 knives

but the critical factor in the equation is whether to buy now or wait for some assumed dilution event - because that sets the table for all the math to follow

hence what i said

buy or buy not. there is no try