Re: "Its clear to me that this is a deliberate tactic to keep the price down in preparation for another CR down the track"
Yes, DB I too have wondered about that. Given that the last 2 cash raisings were built on a rise in share price and subsequently showed a loss, perhaps the only way to entice the recipients into another is at a bargain basement price (and perhaps sooner rather than later). Given the strength in Cairn their has to be a reason that the share price hasn't moved (yeah, yeah my be another reason for Cairn's rise but...)
pj
"Risk to the upside", page-4
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