The BEE2 announcement this morning was pretty bad in all honesty and we all have expressed our feelings on this in no uncertain terms, but, on quite the contrary, this afternoon's news of an updated plan to finance Penumbra is pretty damn good from where I see it. Not only is it encouraging to see that DT, JB and co are always looking to find a better deal, but it appears as though ABSA have shown the initiative here and are keen for a piece of the Conti action. I also warmly welcome how they have released more detail in this funding announcement compared to the original one.
And Champ2003, put a lid on it. Its a good announcement. The comment you made about "announcement timing" shows you up for what you really are; an out and out downramper.
CCC Price at posting:
38.0¢ Sentiment: None Disclosure: Held
