well during the cr last year at 10c the sp dipped considerably below the issue price for a while. also other coys this seems to happen also.
the sp only recovers in time with good news, and the monthly bond issue will probably continue.
however if the long awaited phase 2 is successful then we will finally see some action. it is a very tense period for sure..make or break imho.
patersons obviously are betting that 7.5 will hold..as i understand it they will buy all stock leftover from the issue? so if shareholders only have 50% (for eg) take up, then patersons will pick up the rest?
CTP Price at posting:
8.4¢ Sentiment: None Disclosure: Held
