My mom-in-law (bless her boots) always used to say deaths come in three's.
Lot's of talk in this thread about 'bad news' or 'downgrades' coming in 'three's."
Most things happen in three's.... they also happen in one's and two's.....and even four's.
Since the last ATM downgrade there has been good news of SML 'winning' their court case, plus good news of ATM confirming their purchase of Mataura Valley Milk. Ssoo some bad news followed by some good news. Ain't that interesting.
JMHO and for what it's worth I am not advocating buying ATM until we see evidence of a firm up-trend ..... then maybe uptrends and good news happen in threes too! ;)