brief update & feedback on breakeven analysis, page-24

Amok,

Heading out for the weekend so have to be quick. Happy to discuss yours and Rexsh, questions re. costing etc. in more detail on Monday when I have some time.

"1. Why wouldn't the co announce this info themselves and make a PR event of it?"

They did announce it. This information is publicly available in the latest presentation as I mentioned in my OP. The problem with releasing presentations like this is that they are typically in powerpoint bullet form and the MD usually expands verbally on each point during his actual presentation.

Given that the bullet point announcement was a little muddled, I asked for some further clarification which I then passed on here.

"2. Why no market creep upwards?"

As I said, all info has been released so you can put it down to a few possibilities IMO.

1. General negative market
2. People have looked at the various releases and are still not convinced.
3. People did not fully understand the announcement due to the aforementioned bullet point format.
4. Combination of the above.

Have a great weekend!