Ann: 2017 Full Year Statutory Accounts and Appendix 4E, page-71

It is silly to sell down at this price. Let see where the support line is.

Are you able to see the contradictory nature of these two statements.

The only one being silly is you IMO. The risk in the SP currently is greater than it has been for a long time. Large price declines on volume are symptomatic of price uncertainty. Holders big and small are uncertain at the moment and thus price has clear air to move strongly on a percentage basis in either direction. Considering the all time low sentiment and very small prospect for good news in the short term the SP direction is more likely to be down than up IMO and yes this is just based on intuition and some experience. Once some certainty is restored with the finalisation of the new credit arrangement the market can start properly discovering the company’s value. The next days will be a rough ride in my opinion.

Also there is a difference between having a sell sentiment and a don’t buy sentiment. All I’ve been advocating is a don’t buy and wait and see approach. It’s the perma-bulls and knife catchers in these situations who are the most dangerous IMO. Esh