An Updated Analysis, page-4

Hi guys,

Two small notes about trading - but first thank you to Roy for the great analysis.

Firstly, we are currently at the point at which a channel drawn from the previous two lows hits the current SP. This could easily indicate the current bottom.

Secondly, shorts which are hypothesised to be due to laying off of warrants will cease at the latest by mid next year. Earlier if they are all laid off to the satisfaction of the holders earlier. Expect a rerate due to this factor within 18 months.

Cheers,
Tim.