LPE analysis, page-157

hey mate sorry to hear, i'm in STL as well. However I don't know how wise it is to be flogging the old CR horse here when we've been told a debt facility is imminent (reiterated to me today via email). I, and i assume you have not been given a reason yet to think they will say one thing then do another. Sure i've been a little frustrated by the lack of newsflow but every time i've emailed Ben hes answered within the hour and answered all my questions. I can tell your frustrated too but talking about a CR has the potential spook the herd even further and push the SP lower which i'm sure is the main thing annoying you.

so ill post a chart and show you that i agree with PZ that it did this last year (i topped up some last year at 0,019 which is perhaps why ive had a little more patience than some) and maybe hopefully turn your sentiment a tad.

*its sitting on or around support (blue line). has sprung below it last year and again about 8 months ago circled in yellow and then turned back up both times. were in a considerably better position than then so i predict the same happening.

*from last quarterly there were negatives (revenue not really matching the GWH volume that we had been working off) but we were given the reason, network charges. reasonably transparent in my opinion.

* From that quarterly i took that we are very roughly sitting around cash neutral at the moment so anyone doing very rough calcs like myself will be predicting a cash positive quarterly next. which in this sell the news type market will lead to a run up to the quarterly.

so from where im sitting it looks okay. if we break into the high teens i wont be concerned but if we stay there i wont be too happy. also if they give me a reason to sell dont think im in love with this thing ill drop it like a hot potato.

anyway mate hope this at the very least improved your sentiment a little,

spose its up to u now to work out whether its worth the opportunity cost or not.

cheers mate