Ann: Sconi Off-take Update, page-121

First time posting for AUZ. LT holder.

Firstly, todays ANN although bad, was expected and to an extent already priced in.

This can be determined by looking at the SP since 30 Jan. The SP has been hovering between 4.1-4.3ish.
Yesterday started the sell-off as it became clear/obvious that SKI will not convert.

The good news/observation
The decline is not as bad as i expected and not only that, it seems to be recovering.
Almost wiped 3.8 and moving to very thin 3.9 and 4.0
This is partly because of the holders.
The SP is supported by the type of people who hold the stock.
There are no weak hands or many traders. Those who wanted to bail, would have done so already.
this indicates, there needs to be significant bad news for the SP to tank.
This also indicates, there only needs to be subtle goods news for the SP to rise.

And 3.8 wiped as i finish this.