Just to recap on SFG, and Netraam's water experience:Thursday is...

Just to recap on SFG, and Netraam's water experience:

Thursday is 28th Feb, Friday 1st March. Presumably we will get the latest half yearly, plus operations update. It is hard to expect any substantial change (in a positive sense) in N Qld prawn farms, and if anything an increase in PSD activities (and thus spending) - that should translate to a bigger loss than previous. That loss should be understood to reflect costs associated with PSD, and not a reflection of optimal N Qld ops profitability. (All PSD costs are expensed in the period they are incurred because PSD remains a yet-to-be confirmed financed development).

We've had a fairly stable share price around 11.0 - 11.5 cents, but with the odd dip as some have wanted to get out quickly. But its been remarkably strong. This could be tested with the Half Yearly IMO.

But its possible/probable (?), that we're only weeks from BIG news re finance. Anyone holding (frustrated or not!) who's been waiting for the BIG announcement (which included myself) definitely would be shattered to sell out just prior to the anticipated news landing IMO. Thus I certainly won't be doing any selling in coming days - but its possible we could be facing some more impatient sellers that could push the price down - whether it would get as low as 10 cents I personally doubt, but its possible with irrational sellers.

As I've said before its a big risk to get out knowing what might follow in future weeks re finance announcements. Just my view.