IMO, she will break 14 today on immense pressure and may even reach the 20s within days. They had net proceeds of US$119 million after the sale of 19 assets. Significantly, the loan facility balance is now $50m, the level at which operating profits can now flow from CSF to CER. The assets were sold for only the assets were sold for US$239m representing only a 3.6% discount to book values. This also has sig. reprecusions for others eg. like BBI. If the heavy hitters arrive today, we may have potentially two competing forces today which will set her on fire otherwise today, buying will gently push her up as the VWAP is massaged. Some are going to be very surprised IMO. I'm biased - I hold. Long and strong.
CER Price at posting:
12.5¢ Sentiment: Buy Disclosure: Held