Will be heading down towards 50c, I suspect in any case.
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Hey if people are lapping this up maybe AIR should get in quick and do a similar capital raise...just change it to 4:1 at 50 cents and see how they go ?
Wesfarmers might take Kathmandu over in this story
But whatever Macquaries have put Kathmandu on a takeover target list and might attract others ...probably to small for Wesfarmers anyway
https://www.smh.com.au/business/comp...02-p54gcb.html
I have gone short at 91 cents. Lets see how that plays out.