Why the >10% drop, were the results of the AGM that bad? Is this a response to the anticipated timeline of CSG/LNG contracts set out in the AGM (ie FY11/12)?
I get the feeling that there was a lot of anger about the plummet in share price following CSG/LNG contracts and the company are being explicit in down playing their outlook. I guess they figure it's better to 'surprise' the market by beating their set targets/forecasts than disappoint again and get burnt for a second time - especially given that they don't need any cap raising at the minute.
Thoughts?
Why the >10% drop, were the results of the AGM that bad? Is this...
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