My thoughts are they have burnt the aussie bridge and are trying to create awareness for new bunnies on the other side of the water. I admit Aussie funds are lame at times but they have simpler prospects with less baggage as opportunities to invest in. Until it becomes compelling they will avoid , possibly snog ( short term - big discount ) but will not marry. At the compelling stage the easy money will have been made but the management risk still there so will be better prospects elsewhere .
If history is a indicator then any deal announced will be wishy washy and full of speculation and until hard dollars hit the account much much later so a initial rise into which they will try and place and then stagnation. Basically a 2nd chance , well many, for latecomers to come in and buy a more derisked company at not a huge premium.
There is a massive overhang of funding required, old stale holders so unless new blood can come onto the register it will be very slow and sticky rises as they are gradually flushed out.
POH Price at posting:
10.0¢ Sentiment: None Disclosure: Held
