Guys don't worry about me, worry about why you worry about me!
Seeing the announcement this morning I had to laugh, because with my chart last night ( https://hotcopper.com.au/posts/41059228/single )I did predict where SP was going today. Remember one way I suggested 35c using another method I suggested 36c - you can't really get much more accurate than that using TA. Don't you just love my idea of mentioning the ABC correction bit as well?
Anyway I didn't want to spoil your "Funding Announcement Party" by mentioning the falling SP, as some were wondering if this announcement really was what you guys were waiting for. Well I guess more and more holders were realising, mind you ever so slowly, that this was only the start of it all!
Nevertheless it was a big step forward, because all that is needed now are some interested parties in looking at it all more closely and then negotiate/settle the loan terms, which hopefully is the easy bit, because the hard yards were getting all the in depth DD done. So what is left is the needed time frame from here and if it is done within a month, what is there to worry about other than the SP and where it might finish up!
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- Ann: Launch of Proposed Senior Secured US$40m Loan Note Issue
Ann: Launch of Proposed Senior Secured US$40m Loan Note Issue, page-110
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