... not to forget - the US markets were down 4% today - a big drop. We are not the center of the universe. Sometimes our stock drops for reasons that are bigger than Geraldton.

Recently one of our group here reminded me that we are at times a permabull cheerleading squad for this stock, and it's easy to lose our bearings on that account. I don't think that's exactly true - lots of gloom and doom today, and reasonably so in that we weren't prepared for a highly technical document that didn't have some juicy tidbits for us. There is no doubt we overshot in enthusiasm in the 2007/2008 time period, and we're probably undershooting now. I guess we're mirroring the markets.

Coach, bless him wherever he is (licking his wounds like the rest of us), was very right when he said we were well ahead of ourselves at $2.50 a year+ ago. And now we're undervalued. Life is like that.

It's good that we hear the negatives and some questioning at this point - it's legit. That said, the market is depressed and I don't think it's in our hands to change that.