I'd call it underwhelming, rather than brilliant. The lack of a...

I'd call it underwhelming, rather than brilliant. The lack of a more positive outlook was also disappointing. When you think that even allowing for a 25% uplift in 2H FY11 NPAT, that would only yield a prospective P/E of around 8 (at the current share price of $0.05). Hardly a 'steal' for a company with such an erratic earnings record and a cautious management outlook. I sold out this morning and will look to re-enter after the short-term sell-off is over (after which, hopefully, a more compelling value proposition presents).