JV, I'm a believer in the sp trading below the placement price...

JV, I'm a believer in the sp trading below the placement price more often than not and think the same can happen here although with less confidence than usual considering the sp has already pulled back significantly. I also thought the 2010 low of 31.5c would hold but this cap raising has put a spanner in the works. I'm targeting around 28c for low but happy if it doesn't get there!

Others can talk up the fundamentals better than me but I like them a lot.

As for Gann I am but a mere apprentice and generally rely on others such as Bill Mclaren to do the work for me. Sometimes too much info can complicate things but I like to follow cycles and, as Gann said, time is more important than price.