Have been doing a bit of head-scratching myself regarding the...

Have been doing a bit of head-scratching myself regarding the SP. Can only think of one thing..

Clarity - The market loves clarity especially for a stock that has lacked it over the past 12 months.

That 'uncertainty' factor of a further capital raising has already been depressing the share price even pre the last announcement regading Waratah's delay.

Additionally I cant tell you how much nervousness would be running out there every time Moody's comes to a decision regarding its credit rating.

If you sure up the balance sheet and take the uncertainty out of whether DOW will raise or not raise then based on the current multiple this thing is trading at already - it could only be a positive thing.

It will be interesting to see how much they raise as opposed whether they raise or not. I suspect the amount will be the factor that could really shake the SP on Monday.

The other aspect that could be holding up the share price is the anticipation of results from the other 3 divisions - Im certaintly keen to see them.

On Monday we will get clarity regarding rights issues, the rest of the business, Waratah train update etc. Im personally looking forward to Monday even if the SP does suffer.