Despite being told that the company is almost across the line on financing- I can't help but think the topics of conversations/posts going forward will evolve around:
Dilution
Shelving
Delays
Covenants
Can't help but think this one has got away!!!
JV partner is all but lost (for now) so we are down to eig and coal traders --- lenders of last resort!!!! They have all the leverage right now....
Even if funding is announced, Long term stock holders are starting to get out ... It will take quite a bit of time to recover the value that management have destroyed. New believers coming in will get in at a good price- the sell pressure is going to be very strong on good announcement, even stronger if finance is further delayed..
Very negative at the moment...though I am still hopefull and will go down with the ship!!!
Have HP signed off on the deal that management have put forward? I think they would rather shelve the project if not right!!!
Deep down I am hoping all part of a conspiracy to hammer the stock for someone's benefi - and that we will come back with a massive bang,!!! And yes- I have started to believe in unicorns, leprechauns and the tooth fairy!!!!
Annoyed and frustrated!!!! We now have too many sellers and nowhere near enough buyers.
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CPL
csl finance plc
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