BSL 1.97% $20.17 bluescope steel limited

sell an entitlement vs do nothing ? , page-11

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    AMDG1 - There is no doubt that there could be a significant bounce back to 60c once the CR overhang dissipates. However it has to be said there is more at play here than just a normal CR. Behind the scenes there is activity that is yet to be disclosed and the risk factor of this business going bust is just too high for the average long term punter (investor). If your not too worried about loosing some of your capital then yes it's a play worth considering. If don't want to loose your capital then stay away. If your in don't hang around too long if you make a decent profit of say 20-50% in the short term then get out.
 
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