I was there I bought in @ 16c about a year ago. I didnt have the high sp in mind in fact my evaluation was that taking a discounted ramp up and achieving a reduced traffic number until 2012 I estimated that the sp would be around 30 to 40c. Early this year it was looking like my projection was okay and it headed into the 30c zone.
Than the opening and the first free rides and people said it was clogged at 60,000. Some friends in Brisbane said it was the Clem parking lot. The sp started it trend down.
The 22000 is so way below break even and the ramp -up from others does not suggest that it will get to break even.
Thats when I got out took my medicine as painful as it was. In fact I should have got out at break even but hung on too long and sold out much lower than that.
I have seen a punter saying they have bought in but it has dropped even from that level.
This is not about charts its about facts and facts dont stack up too well.
Good luck to you - I think that these public private partnerships are just another way to rob you blind.
I will never touch this stock again. The people who were paid for this projection should face a class action law suite.
RCY Price at posting:
3.5¢ Sentiment: Sell Disclosure: Not Held
