Okay I'll say it...was trying to resist yesterday. I can see a capital raise coming and it'll have to be pitched at a huge discount to the current SP.
I think there's a real possibility this has a 4 handle in the near future.
Ecclesiastes 11:2: “Divide your portion to seven, or even to eight, for you do not know what misfortune may occur on the earth.”
Ben Graham - In the short run the market is a voting machine but in the long run the market is a weighing machine
well the 'amendments' werent agreed so obviously there is some devil in that detail. there could be 2 months of further haggling and uncertainty - though of course they might work through it sooner.
They've been known to be arrogant in dealings with suppliers, hopefully that attitude wont carry through into dealing with their suppliers of capital.
baallsy open, I wonder how Mr Market agrees on an opening price when the bids were so far below the eventual opening price, from memory the ask was $6.06 and offer was $6.10 with around 10,000 matched price at $6.06 !! why the $6.52 open ?
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