Talk of CR at 60c is speculation and rumour mongering (possibly by instos phoning journos). FGE has a major problem but i doubt it's terminal. I'm estimating that Camden is closer to the ball at $1.10 or bit below. As stated by others, too much dilution means SP will never come close to recovering. Whatever the outcome management must go. I mean how much must poor decision making/incompetence have to smash a firm's SP... before someone is held accountable?
History shows in most cases the SP drifts down to CR level. Plenty recent examples/firms where SP is now below CR level within just a couple of months. A lot will depend on outlook statement and risks to earnings as detailed in new prospectus.
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