Well, what a turnaround, normally we see someone come in and hammer the price down in the last 10min.... Today it got pushed up!!!!
Shorts as at the 6th Jan 2014 + movements since =$7.2M...
I think the path back to $1.00 wont be as long as we all think... (at least i hope so)
this screams of a corporate play... the short sellers have come in and punished the stock right down to 20's....preparing it to be at its lowest possible valuation with environmental approvals (de-risked)right before a takeover... lets hop HP don't Panic... either way the initial take over offer may be a low ball but the final price will be north of $1.00... if anyone is going to take CPL out it will be before construction starts.
lets hope the AER dont take the full 90 days (which should be from the first hearing).
All in my opinion and guess work!!!
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